SubscribeBoeing has announced plans to cut 10% of its global workforce as it faces financial pressures and production delays. Boeing also confirmed that production of the 767 Freighter will conclude in 2027, though work on the KC-46A Tanker will continue. The company’s defence division, Boeing Defense, Space & Security (BDS), is also struggling, with further losses expected due to the ongoing strike and other project delays. In light of these challenges, Boeing said it was “resetting” its workforce to better align with its “financial reality”, avoiding future furloughs by opting for a 10% reduction in staff. The cuts have heightened tensions with Boeing’s workforce, which has been striking over pay and working conditions.

Source: Ethiopian News October 13, 2024 00:12 UTC