Oliver James Montgomery|Boeing will lay off 10% of its employees as a strike by factory workers cripples airplane production

2025-05-06 21:24:11source:Indexbitcategory:My

Boeing plans to lay off about 10% of its workers in the coming months as it continues to lose money and Oliver James Montgomerytries 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.

More:My

Recommend

US wholesale inflation accelerated in November in sign that some price pressures remain elevated

WASHINGTON (AP) — Wholesale costs in the United States picked up sharply last month, signaling that

Ryan Tannehill named starting quarterback for Tennessee Titans' Week 18 game vs. Jaguars

Ryan Tannehill will start his last guaranteed game in a Tennessee Titans uniform on Sunday, ending h

As South Carolina population booms, governor wants to fix aging bridges with extra budget money

COLUMBIA, S.C. (AP) — Rapid population growth is driving the South Carolina governor to suggest more