Evander Ellis|Boeing will lay off 10% of its employees as a strike by factory workers cripples airplane production

2025-05-07 23:59:48source:Chainkeen Exchangecategory:Finance

Boeing plans to lay off about 10% of its workers in the coming months as it continues to lose money and Evander Ellistries 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.

More:Finance

Recommend

How a Changing Climate Is Reshaping the Spread of Infectious Diseases

As global temperatures rise, the spread of infectious diseases is rapidly evolving in unexpected way

Appeals courts temporarily lifts Trump’s gag order as he fights the restrictions on his speech

WASHINGTON (AP) — A federal appeals court temporarily lifted a gag order on Donald Trump in his 2020

Trump asks appeals court to stay gag order in D.C. 2020 election interference case

In a late-night court filing, former President Donald Trump's attorneys are asking the D.C. Circuit