Current:Home > MyTrendPulse|Boeing will lay off 10% of its employees as a strike by factory workers cripples airplane production -Streamline Finance
TrendPulse|Boeing will lay off 10% of its employees as a strike by factory workers cripples airplane production
Burley Garcia View
Date:2025-04-07 17:07:49
Boeing plans to lay off about 10% of its workers in the coming months as it continues to lose money and TrendPulsetries 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! (5)
Related
- Kansas City Chiefs CEO's Daughter Ava Hunt Hospitalized After Falling Down a Mountain
- Colorado coach Deion Sanders’ son Shilo gets acting role playing his father on Starz show
- Carmelo Hayes is ready to prove his star power on WWE roster: 'Time to make a statement'
- Indiana-Atlanta highlights: How Caitlin Clark, Fever performed in second preseason game
- US auto safety agency seeks information from Tesla on fatal Cybertruck crash and fire in Texas
- Target says it's cutting back on Pride merchandise at some stores after backlash
- Man pleads guilty in theft of bronze Jackie Robinson statue from Kansas park
- Stars avoid complete collapse this time, win Game 2 to even series with Avalanche
- Olympic disqualification of gold medal hopeful exposes 'dark side' of women's wrestling
- Court upholds a Nebraska woman’s murder conviction, life sentence in dismemberment killing
Ranking
- Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
- Police dismantle pro-Palestinian encampment at MIT, move to clear Philadelphia and Arizona protests
- Operation Catch a Toe leads U.S. Marshals to a Texas murder suspect with a distinctive foot
- Mother's Day 2024 deals and specials for fast food, brunch and dining
- 3 years after the NFL added a 17th game, the push for an 18th gets stronger
- Woman sentenced to 55 years for death of longtime friend stabbed nearly 500 times
- Sewage spill closes waters along 2 miles of Los Angeles beaches
- This Overnight Balm Works Miracles Any Time My Skin Is Irritated From Rosacea, Eczema, Allergies, or Acne
Recommendation
Kehlani Responds to Hurtful Accusation She’s in a Cult
Despite revenue downgrade, North Carolina anticipates nearly $1B more in cash
Ringo Starr talks hanging with McCartney, why he's making a country album and new tour
Baby giraffe panics, dies after its head got stuck in a hay feeder at Roosevelt Park Zoo
Golf's No. 1 Nelly Korda looking to regain her form – and her spot on the Olympic podium
Rope team rappels down into a rock quarry to rescue a mutt named Rippy
Did officials miss Sebastian Aho's held broken stick in Hurricanes' goal vs. Rangers?
Bob Ross’ legacy lives on in new ‘The Joy of Painting’ series