Boeing will delay its 777X plane and cut 10% of workforce as it deals with a strike and 737 Max issues
- Boeing said Friday that it would cut 10% of its 170,000-strong workforce.
- CEO Kelly Ortberg said the company was in a “difficult position” amid a strike.
- The planemaker is still dealing with the fallout of quality-control issues on some of its plane models.
Boeing said Friday that it would cut its workforce by 10%, further delay its 777X plane, and discontinue a freighter model as it deals with the financial fallout of an ongoing strike.
In a note to employees, CEO Kelly Ortberg said Boeing was in a “difficult position” and that “restoring our company requires tough decisions.” The planemaker is mired in regulatory headaches after a January incident in which a door plug blew out of a 737 Max, as well as an ongoing strike.
Ortberg, who took over as CEO in August, said the workforce reduction included executives and manager-level positions. As of the end of 2023, Boeing had about 170,000 employees.
Other cost-cutting measures include discontinuing the 767 cargo plane, Ortberg said.
This story is breaking. Check back for updates.
This article was originally published by Kelsey Vlamis,Taylor Rains at All Content from Business Insider (https://www.businessinsider.com/boeing-layoffs-strike-777x-delay-freighter-2024-10).
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