Boeing is under tremendous financial pressure. The company has also faced many safety and regulatory challenges. The job cuts will include officers, managers and employees.
Boeing announced lay off: Aerospace giant Boeing is going to lay off employees on a large scale. The company has announced that about 17,000 employees will be laid off this week. This figure is 10% of Boeing’s global workforce. The company is taking such a step to cut expenses to reduce rising costs. The decision to lay off employees is expected to take effect in mid-January.
Boeing has about 170,000 employees worldwide. Most of them work in production units in South Carolina and Washington state in the US. The company’s CEO Kelly Ortberg informed the employees in writing that these changes are being made keeping in mind the financial situation. Kelly Ortberg also made it clear that work on previously announced projects will continue.
Ortberg told employees last month that the job cuts would include officers, managers and employees. Ortberg told employees that our business is in a difficult situation, and tough decisions are needed to deal with the challenges we are facing.
In addition to layoffs, Boeing also announced a halt to the production of 767 aircraft to be made in 2027. Apart from this, the rollout of the new 777X has been postponed till 2026 due to technical flaws found in the company’s new aircraft 777X.
Let us tell you that Boeing is under a lot of financial pressure. The company has also faced many safety and regulatory challenges. After two fatal accidents, the company had to stop the production of 737 Max. Apart from this, Boeing employees went on a major strike this year due to which the company had to stop the production of many major aircraft models.
