Current:Home > FinanceBoeing will lay off 10% of its employees as a strike by factory workers cripples airplane production -Quantum Growth Learning
Boeing will lay off 10% of its employees as a strike by factory workers cripples airplane production
View
Date:2025-04-17 06:48:55
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
- 'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
- Natural Climate Solutions Could Cancel Out a Fifth of U.S. Emissions, Study Finds
- Video: The Standing Rock ‘Water Protectors’ Who Refuse to Leave and Why
- Matty Healy Resurfaces on Taylor Swift's Era Tour Amid Romance Rumors
- Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
- Inflation grew at 4% rate in May, its slowest pace in two years
- In county jails, guards use pepper spray, stun guns to subdue people in mental crisis
- Young Florida black bear swims to Florida beach from way out in the ocean
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Social isolation linked to an increased risk of dementia, new study finds
Ranking
- Questlove charts 50 years of SNL musical hits (and misses)
- U.S. Nuclear Fleet’s Dry Docks Threatened by Storms and Rising Seas
- Author Aubrey Gordon Wants To Debunk Myths About Fat People
- Ultra rare and endangered sperm whale pod spotted off California coast in once a year opportunity
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- Researchers Develop Cerium Reactor to Make Fuel from Sunlight
- ‘Reskinning’ Gives World’s Old Urban Buildings Energy-Saving Facelifts
- Kendall Jenner and Bad Bunny Were Twinning During Night Out at Lakers Game
Recommendation
Meet first time Grammy nominee Charley Crockett
Mayor Eric Adams signs executive order protecting gender-affirming care in New York City
Army Corps Halts Dakota Access Pipeline, Pending Review
With telehealth abortion, doctors have to learn to trust and empower patients
Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
Jill Biden had three skin lesions removed
In praise of being late: The upside of spurning the clock
Kylie Jenner Shares Never-Before-Seen Photos of Kids Stormi and Aire on Mother's Day