Boeing Cuts 17,000 Jobs As Strike Halts Production Aerospace giant struggles with deepening losses and delays amid labor unrest and safety concernsBoeing, the aerospace giant, recently announced plans to reduce its workforce by approximately 17,000 employees, translating to about 10% of its total staff. The timing of the layoff announcement is particularly notable, occurring at the same time as the IAMAW's labor strike, which began following the union's rejection of Boeing's proposed contract. The strike has instigated considerable disruption, halting production lines for several models including the 737 Max, 767, and 777X jets. Before the strike, Boeing was already facing significant economic burdens. Set against its uncertain future, Boeing is gearing up for what many hope will be its turning point.

Source: Washington Post October 12, 2024 05:58 UTC