Grayson  Preston-Boeing will lay off 10% of its employees as a strike by factory workers cripples airplane production

2025-04-30 17:32:44source:Zopes Exchangecategory:Markets

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

Recommend

Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes

Friday the 13th might be unlucky for many people, but Mega Millions players could be lucky in tonigh

'I gotta see him go': Son of murdered South Carolina woman to attend execution

Like any good mom, Irene Grainger Graves wanted to make sure her three children had a good life. She

George Kittle injury update: Is 49ers TE playing in Week 3?

The San Francisco 49ers are entering their Week 3 game against the Los Angeles Rams significantly sh