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

2025-04-29 05:07:06source:Ethermaccategory:Finance

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

Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say

Pilots at Southwest Airlines can sock away more for retirement, thanks to a new retirement plan bene

Abercrombie & Fitch’s Clearance Section Is Full of Cute Styles, Plus Almost Everything Else Is On Sale

We independently selected these products because we love them, and we think you might like them at t

Ukraine's Zelenskyy warns Putin will push Russia's war very quickly onto NATO soil if he's not stopped

Eastern Ukraine — Ukraine's President Volodymyr Zelenskyy met our CBS News team at an undisclosed, b