Boeing To Cut 10% Of Workforce As Workers' Strike Halts Production

In the upcoming months, Boeing intends to lay off roughly 10% of its workforce as it struggles to make ends meet and cope with a strike that is severely impeding the company's ability to produce its best-selling commercial aircraft.

In a memo distributed on Friday, Kelly Ortberg, the new CEO, informed the team that managers, employees, and executives will be let go.

Rolling temporary furloughs had previously been implemented by the corporation, but Ortberg stated they will be discontinued due to the upcoming layoffs.

The 777X will not be introduced in 2025 as planned by the firm; instead, it will not happen until 2026. After completing existing orders, it will also cease producing the cargo variant of its 767 aeroplane in 2027.

Boeing had announced earlier that on Thursday it has filed a charge of unfair labour practices with the National Labour Relations Board against the union that represents the workers at its West Coast factories who are on strike. The union's officials are accused of not engaging in good faith negotiations.