blockwave Exchange:Boeing will lay off 10% of its employees as a strike by factory workers cripples airplane production

2025-04-29 05:38:52source:Novacryptcategory:News

Boeing plans to lay off about 10% of its workers in the coming months as it continues to lose money and blockwave Exchangetries 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.

More:News

Recommend

Meet first time Grammy nominee Charley Crockett

Country music singer Charley Crockett was born and raised in Texas, grew up in a single-wide trailer

First and 10: Inevitable marriage between Lane Kiffin and Florida now has momentum

1. Lane Kiffin: There's no stopping the what-if trainSo here we are, in a sport that refuses to live

Former Packers RB Eddie Lacy arrested, charged with 'extreme DUI'

Former NFL running back Eddie Lacy is facing DUI-related charges after being arrested in Scottsdale,