Current:Home > StocksBoeing will lay off 10% of its employees as a strike by factory workers cripples airplane production -GrowthInsight
Boeing will lay off 10% of its employees as a strike by factory workers cripples airplane production
View
Date:2025-04-13 19:38:54
Boeing plans to lay off about 10% of its workers in the coming months as it continues to lose money and tries 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! (923)
Related
- New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
- Suzanne Somers' death has devastated fans. It's OK to grieve.
- US men's national soccer team friendly vs. Ghana: Live stream and TV info, USMNT roster
- Former AP videojournalist Yaniv Zohar killed in Hamas attack at home with his family
- Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
- Kari Lake’s lawsuit over metro Phoenix’s electronic voting machines has been tossed out
- 37 years after Florida nurse brutally murdered in her home, DNA analysis helps police identify killer
- Rafah crossing: Why are people, aid stuck at Egypt-Gaza border?
- Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
- Here are the most popular Halloween costumes of 2023, according to Google
Ranking
- Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
- Nintendo shows off a surreal masterpiece in 'Super Mario Bros. Wonder'
- Wolfgang Van Halen marries Andraia Allsop in ceremony that honors his late father Eddie Van Halen
- Israeli military faces challenging urban warfare in Gaza
- A South Texas lawmaker’s 15
- Detroit casino workers strike in latest labor strife in Michigan
- China’s Xi promises more market openness and new investments for Belt and Road projects
- Inbox cluttered with spam? Here's how to (safely) unsubscribe from emails
Recommendation
Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
Amazon will start testing drones that will drop prescriptions on your doorstep, literally
California family behind $600 million, nationwide catalytic converter theft ring pleads guilty
Court documents detail moments before 6-year-old Muslim boy was fatally stabbed: 'Let’s pray for peace'
Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
Vermont State Police investigate theft of cruiser, police rifle in Rutland
Rockets trade troubled guard Kevin Porter Jr. to Thunder, who plan to waive him
US men's national soccer team friendly vs. Ghana: Live stream and TV info, USMNT roster