Boeing has started issuing layoff notices starting this week for 17,000 employees or 10 percent of its global workforce, according to Reuters. Boeing said on Wednesday it is issuing layoff notices starting this week to workers impacted by a broader plan by the heavily indebted planemaker to cut 17,000 jobs, or 10% of its global workforce, the report said. “As previously announced, we are adjusting our workforce levels to align with our financial reality and a more focused set of priorities," Boeing said in a statement. Boeing has lurched from crisis to crisis this year, kicking off on Jan. 5 when a door panel blew off a 737 MAX jet in mid-air. The strike's end on November 5 and return of Boeing's workers this week to the company's Seattle-area assembly lines now support a slow revival of MAX production, the report noted.

Source: Indian Express November 15, 2024 10:31 UTC