NEW YORK, Oct 12 — Boeing announced yesterday that it plans to cut 10 per cent of its workforce as it projected a large third-quarter loss in the wake of a machinist strike in...
Boeing to slash 17,000 jobs globally as CEO says ‘decisive actions’ needed amid projected Q3 loss, announces 777X delivery delay
The company announced a series of belt-tightening measures and production delays in the wake of the nearly monthlong strike of 33,000 workers that has added to the company’s litany of problems. “These decisive actions, along with key structural changes to our business, are necessary to remain competitive over the long term.”As a result of the strike, Boeing said it is pushing back first delivery of the 777X to 2026 from 2025. The much-delayed jet was originally supposed to enter service in January 2020.
That led to the Federal Aviation Administration tightening oversight of Boeing’s production processes, capping the company’s output. Production on the MAX is now halted due to the IAM strike.
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