Boeing to lay off 10% of workforce amid massive strike, financial woes

The Boeing aircraft giant will reduce 10% of its workforce and its production of oblique bars in the coming months in the midst of important financial problems and a current strike, the company announced on Friday.

Boeing, who had to face a series of major aircraft failures, including an eruption on an Alaska Airlines flight in January, displayed major losses in the third quarter of 2024.

“Our company is in a difficult position, and it is difficult to overestimate the challenges we face together,” said Boeing CEO Kelly Ortberg CNN. “The restoration of our business requires difficult decisions and we will have to make structural changes to make sure that we can remain competitive.”

Ortberg, who took his post in August after the CEO DAVE CALHOUN The left in the midst of intense regulatory pressure did not identify the exact number of layoffs that would occur, but noted that workers at all levels of the company could expect details next week.

More than 33,000 Boeing workers voted massively Authorize a strike last month. Almost 20% of Boeing workforce was suddenly on the picking line. Their union, the International Association of Machinists and Aerospace Workers, City of stagnant wages, safety problems and unfair work practices as a reason for the work stoppage.

Translections between Boeing and IAM would have broken down earlier this week, and Boeing withdrew his last offer from the Union. The work stopped was cited in a press release as a factor of layoffs, delaying and ending the production of several Boeing aircraft.

Representatives of the other unions of Boeing employees were disappointed with the news of the company’s layout and pinning on striking workers, and not management missteps.

“Rather than resolving the IAM strike and concentrating the company’s resources on the reconstruction of the confidence of regulators and customers, Boeing Leadership has decided to harm all aspects of the company,” said Ray GORFORTH, director of the Society of Professional Engineering, employees of the Ray GOFTH aerospace in a press release in the Seattle Times.