Current:Home > ScamsBoeing will lay off 10% of its employees as a strike by factory workers cripples airplane production-LoTradeCoin
Boeing will lay off 10% of its employees as a strike by factory workers cripples airplane production
View Date:2024-12-23 23:00:35
Boeing plans to lay off about 10% of its workers in the coming months as it continues to lose money and tries to deal with a strike that is crippling production of the company’s best-selling airline planes.
New CEO Kelly Ortberg told staff in a memo Friday that the job cuts will include executives, managers and employees.
The company had already imposed rolling temporary furloughs, but Ortberg said those will be suspended because of the impending layoffs.
The company will delay the rollout of a new plane, the 777X, to 2026 instead of 2025. It will also stop building the cargo version of its 767 jet in 2027 after finishing current orders.
Boeing has lost more than $25 billion since the start of 2019. Union machinists have been on strike since Sept. 14. Two days of talks this week failed to produce a deal.
veryGood! (2)
Related
- Florida State can't afford to fire Mike Norvell -- and can't afford to keep him
- Man punched Sikh teen in turban on New York City bus in suspected hate crime, authorities say
- ADL official on anti-Jewish, Muslim hate: 'Our fight is often one that is together'
- What we know about the deadly blast at a Gaza City hospital
- US wholesale inflation picks up slightly in sign that some price pressures remain elevated
- Martin Scorsese's Killers of the Flower Moon: A true story of love and evil
- Jack in the Box employee stabbed outside of fast food restaurant in California, LAPD says
- California family behind $600 million, nationwide catalytic converter theft ring pleads guilty
- See Megan Fox, Machine Gun Kelly, Brian Austin Green and Sharna Burgess' Blended Family Photos
- A Berlin synagogue is attacked with firebombs while antisemitic incidents rise in Germany
Ranking
- Powerball winning numbers for Nov. 9 drawing: Jackpot rises to $92 million
- Australian journalist says she was detained for 3 years in China for breaking an embargo
- Europe is looking to fight the flood of Chinese electric vehicles. But Europeans love them
- Maryland medical waste incinerator to pay $1.75M fine for exposing public to biohazardous material
- Biden funded new factories and infrastructure projects, but Trump might get to cut the ribbons
- US announces sanctions against a group of 10 Hamas members and financial network over Israel attack
- Deadly attack in Belgium ignites fierce debate on failures of deportation policy
- Guatemala Cabinet minister steps down after criticism for not acting forcefully against protesters
Recommendation
-
NYC bans unusual practice of forcing tenants to pay real estate brokers hired by landlords
-
US Rep. Debbie Lesko won’t seek re-election in Arizona next year
-
Dolly Parton talks new memoir, Broadway musical and being everybody's 'favorite aunt'
-
'The Voice': Reba McEntire connects with Dylan Carter after emotional tribute to late mother
-
Kennesaw State football coach Brian Bohannon steps down after 10 seasons amid first year in FBS
-
Body of JJ Vallow, murdered son of 'Doomsday Mom' Lori Vallow, to be released to family
-
US announces sanctions against a group of 10 Hamas members and financial network over Israel attack
-
Uncle of 6-year-old Muslim stabbed to death in alleged hate crime speaks out