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Boeing to cut approximately 17,000 jobs over the coming months


Boeing will reduce the size of its total workforce by 10% over the coming months, CEO Kelly Ortberg said in a note to employees on Friday.

That amounts to around 17,000 jobs, based on the corporation’s December 2023 total workforce numbers.

Ortberg said due to the workforce reductions, Boeing would not proceed with the next pattern of furloughs.

Ortberg also said the 777X program would be delayed until 2026, the 767 freighter program would complete in 2027 and the corporation expects “substantial recent losses” in Boeing Defense, Space & safety this quarter.

“Our business is in a challenging position, and it is challenging to overstate the challenges we face together,” said Ortberg. “Beyond navigating our current surroundings, restoring our corporation requires tough decisions and we will have to make structural changes to ensure we can remain competitive and deliver for our customers over the long term.”

The corporation said Friday it expects to update third-quarter turnover of $17.8 billion, GAAP deficit per distribute of $9.97 and operating liquid assets flow of $1.3 billion.

The announcement comes after tens of thousands of Boeing workers voted to strike last month after rejecting the proposed deal.

Boeing logo is seen during defense industry demonstration in Kielce, Poland, on Sept. 3, 2024.
NurPhoto via Getty Images, FILE

The corporation has endured tremendous monetary pressures and extra scrutiny following a series of failures involving its aircraft and supply.

On Jan. 5, a door plug blew out of the corporation’s 737 Max 9 aircraft at around 15,000 feet in altitude during an Alaska Airlines flight, prompting a federal investigation.

Boeing Starliner, a spacecraft that was being developed for the NASA Commercial Crew Program, was hit with several delays and rising costs before its first crewed launch to the International Space Station in June.

However the spacecraft was forced to profitability without its astronauts Barry “Butch” Wilmore and Sunita “Suni” Williams last month after tests showed there was too much uncertainty with regard to the vehicle’s thrusters for re-entry.

Boeing announced last month that Ted Colbert, the president and chief executive officer of Boeing Defense, Space & safety, will be leaving the beleaguered corporation.



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Boeing to cut approximately 17,000 jobs over the coming months


Boeing will reduce the size of its total workforce by 10% over the coming months, CEO Kelly Ortberg said in a note to employees on Friday.

That amounts to around 17,000 jobs, based on the business’s December 2023 total workforce numbers.

Ortberg said due to the workforce reductions, Boeing would not proceed with the next pattern of furloughs.

Ortberg also said the 777X program would be delayed until 2026, the 767 freighter program would complete in 2027 and the business expects “substantial recent losses” in Boeing Defense, Space & safety this quarter.

“Our business is in a challenging position, and it is challenging to overstate the challenges we face together,” said Ortberg. “Beyond navigating our current surroundings, restoring our business requires tough decisions and we will have to make structural changes to ensure we can remain competitive and deliver for our customers over the long term.”

The business said Friday it expects to update third-quarter returns of $17.8 billion, GAAP setback per distribute of $9.97 and operating liquid assets flow of $1.3 billion.

The announcement comes after tens of thousands of Boeing workers voted to strike last month after rejecting the proposed deal.

Boeing logo is seen during defense industry demonstration in Kielce, Poland, on Sept. 3, 2024.
NurPhoto via Getty Images, FILE

The business has endured tremendous budgetary pressures and extra scrutiny following a series of failures involving its aircraft and supply.

On Jan. 5, a door plug blew out of the business’s 737 Max 9 aircraft at around 15,000 feet in altitude during an Alaska Airlines flight, prompting a federal investigation.

Boeing Starliner, a spacecraft that was being developed for the NASA Commercial Crew Program, was hit with several delays and rising costs before its first crewed launch to the International Space Station in June.

However the spacecraft was forced to gain without its astronauts Barry “Butch” Wilmore and Sunita “Suni” Williams last month after tests showed there was too much uncertainty with regard to the vehicle’s thrusters for re-entry.

Boeing announced last month that Ted Colbert, the president and chief executive officer of Boeing Defense, Space & safety, will be leaving the beleaguered business.



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