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

2025-05-05 01:12:38source:Alaric Bennettcategory:Finance

Boeing plans to lay off about 10% of its workers in the coming months as it continues to lose money and XDY 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:Finance

Recommend

Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti

Haiti has been racked by political instabilityand intensifying, deadly gang violence.  Amid a Federa

Man convicted of murder in death of Washington state police officer shot by deputy

VANCOUVER, Wash. (AP) — A Washington state man was found guilty of murder Friday for his role in the

NCAA lawsuit settlement agreement allowing revenue sharing with athletes faces unresolved questions

The proposed settlement of three antitrust cases concerning the compensation of college athletes tha