mosaique.info logo
sign up
  1. home
  3. article
  5. Boeing to Cut 17,000 Jobs Amid Strike and Production Disruption

Boeing to Cut 17,000 Jobs Amid Strike and Production Disruption

ai generated text

Boeing plans to reduce its global workforce by 10%, which translates to approximately 17,000 jobs. This move comes in response to the company's projected large third-quarter loss. The workforce reduction will be implemented through a series of belt-tightening measures, including production delays. Additionally, Boeing staff affiliated with the International Association of Machinists (IAM) and Aerospace Workers went on strike on September 13, halting production of certain aircraft. CEO Kelly Ortberg attributed the downsizing to a need to align with the company's financial reality. The layoffs are expected to affect various levels of employees, including executives, managers, and employees. Furthermore, Boeing warned of potential losses in its weapons and military equipment manufacturing division.

  1. US
    Kelly Ortberg
    Boeing Co
    1. While our business is facing near-term challenges, we are making important strategic decisions for our future and have a clear view on the work we must do to restore our company.
    2. The state of our business and our future recovery require tough actions.
    3. Next week, your leadership team will share more tailored information about what this means for your organization.
    4. These decisive actions, along with key structural changes to our business, are necessary to remain competitive over the long term.
    5. We reset our workforce levels to align with our financial reality and to a more focused set of priorities. Over the coming months, we are planning to reduce the size of our total workforce by roughly 10 per cent. These reductions will include executives, managers and employees.
  2. US
    Thomas Hayes
    Great Hill Capital
    1. I would estimate the strike will be resolved within a week as these workers do not want to find themselves in the next batch of 17,000 cuts.
    2. Striking workers who temporarily do not have a paycheck do not want to become unemployed workers who permanently do not have a paycheck.
  3. US
    Jon Holden
    International Association of Machinists and Aerospace Workers
    1. We're in this for the long haul and our members understand that.
  4. US
    International Association of Machinists and Aerospace Workers
    1. The fact they are complaining about our proposals shows their desperation and only proves to our members that we are fighting for them.

Boeing

  1. Beijing Suspends Boeing Deliveries Amid Escalating US-China Trade Tensions
  2. US Judge Rejects Boeing Plea Deal Over Fatal 737 Max Crashes
  3. Boeing Workers Accept New Pay Deal to End 7-Week Strike

sources

  1. 1.BBC
  2. 2.France 24
  3. 3.CNA News
  4. 4.Agence France-Presse
  5. 5.Reuters

perspectives

  1. 1.US-China Relations
  2. 2.Aerospace Industry
  3. 3.Workers Strike
  4. 4.Jobs Cut

countries

  1. 1.United StatesUS

organizations

  1. 1.Boeing CoUS
  2. 2.International Association of Machinists and Aerospace WorkersUS
  3. 3.National Labor Relations Board
  4. 4.Alaska Air Group
  5. 5.Great Hill Capital
  6. 6.LSEG
  7. 7.US Federal Aviation AuthorityUS

persons

  1. 1.Kelly OrtbergUS
  2. 2.Jon HoldenUS
  3. 3.David Calhoun
  4. 4.Ted Colbert
  5. 5.Thomas HayesUS

technicals

  1. 1.Boeing-767
  2. 2.787 Dreamliner
  3. 3.Boeing 737 Next Generation
  4. 4.Boeing 777
  5. 5.KC-46
  6. 6.Starliner Calypso