this post was submitted on 15 Nov 2024
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Economics

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Summary

Boeing is issuing layoff notices to 17,000 employees, about 10% of its workforce, with job cuts effective in mid-January.

The layoffs follow a labor union strike that halted production of key aircraft like the 737 Max and 777s.

Boeing cited financial challenges and structural changes to remain competitive. The company also announced it will end 767 production by 2027 and delayed the 777X rollout to 2026 due to a defective part.

Boeing raised $24 billion to stabilize finances amid a turbulent year marked by safety concerns, production delays, and leadership changes.

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[–] [email protected] 1 points 16 hours ago

Feel like anyone at Boeing has had their resume prepped and updated regularly for a while now.