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Boeing issues layoff notices as aerospace giant cuts 17,000 jobs (www.fox13seattle.com)

submitted 1 month ago by MicroWave to c/economics

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Summary

Boeing is issuing layoff notices to 17,000 employees, about 10% of its workforce, with job cuts effective in mid-January.

The layoffs follow a labor union strike that halted production of key aircraft like the 737 Max and 777s.

Boeing cited financial challenges and structural changes to remain competitive. The company also announced it will end 767 production by 2027 and delayed the 777X rollout to 2026 due to a defective part.

Boeing raised $24 billion to stabilize finances amid a turbulent year marked by safety concerns, production delays, and leadership changes.

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[–] surewhynotlem 8 points 1 month ago (1 children)

Any company that gets a government bailout should be owned by the people. Full stop.

[–] NatakuNox 3 points 1 month ago

Agreed. We paid for it. Why shouldn't we own it.