Boeing To Cut 17,000 Jobs
Impacted employees will remain on the company's payroll until January, in compliance with federal regulations requiring a 60-day notice
Boeing is set to issue layoff notices affecting 17,000 positions, accounting for 10 per cent of its global workforce, according to Reuters. Impacted employees will remain on the company's payroll until January, in compliance with federal regulations requiring a 60-day notice. This move was anticipated as Boeing aims to realign its workforce amid financial challenges.
In a company statement, Boeing reiterated its intent to "adjust workforce levels" to better match financial priorities while emphasizing support for affected staff. The cuts come during a turbulent period for Boeing, which includes efforts by new CEO Kelly Ortberg to revive 737 MAX production. This follows a series of challenges: a mid-air incident involving a 737 MAX, an executive departure, safety investigations, and a significant union strike on the US West Coast.
Reports indicate that the looming layoffs have dampened employee morale, with staff anxiously awaiting confirmation about their jobs via calls or virtual meetings.
