Boeing plans to lay off about 10% of its workers in the coming months as it continues to lose money and tries to cope with a strike that is crippling production of the company’s best-selling planes.
New CEO Kelly Ortberg told staff in a memo Friday that the job cuts will affect executives, managers and employees.
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The company had already imposed ongoing temporary furloughs, but Ortberg said these will be suspended due to the upcoming layoffs.
The company will delay the rollout of a new plane, the 777X, until 2026 instead of 2025. It will also stop building the cargo version of its 767 aircraft in 2027 after current orders are completed.
Boeing has lost more than $25 billion since the beginning of 2019. Union train drivers have been on strike since September 14. Two days of talks this week failed to produce a deal.
Earlier, Boeing said late Thursday it had filed an unfair labor practice charge with the National Labor Relations Board against the union representing striking factory workers on the U.S. West Coast, accusing its leaders of failing to bargain in good faith.
(Only the headline and image of this report may have been reworked by Business Standard staff; the rest of the content is automatically generated from a syndicated feed.)
First publication: October 12, 2024 | 7:12 am IST
