Boeing plans to lay off about 10% of its workers in the coming months as it continues to lose money and Rekubit Exchangetries 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.
2025-04-29 21:32217 view
2025-04-29 21:311106 view
2025-04-29 21:302201 view
2025-04-29 21:161380 view
2025-04-29 21:11797 view
2025-04-29 20:162659 view
NEW YORK (AP) — Donald Trumpwas on the verge of backing a 16-week federal abortion banearlier this y
Chicago Bears legend Dick Butkus is known for his Pro Football Hall of Fame resume as a linebacker,
Steve Harvey and Michael B. Jordan are proving there's no family feud here. More than a year after t