Boeing plans to cut 17,000 jobs, or 10% of its global workforce, to address significant financial losses due to a machinists' strike that halted production.
The machinists' strike, involving 33,000 workers, has cost Boeing an estimated $1 billion a month and put its investment-grade credit rating at risk.
Boeing's Chief Executive David Calhoun emphasized that workforce reductions will include executives, managers, and employees to better align with the company's current financial reality.
The first delivery of Boeing's 777X is now delayed until 2026, attributing this setback to development challenges, certification issues, and the ongoing strike.
Collection
[
|
...
]