Bad news amid factory strike, Boeing has decided to layoff 17000 people worldwide
Layoff: Due to this decision of the company, about 17 thousand employees will have to lose their jobs. Boeing's decision will also delay its production.
Many companies are laying off these days, now the news is coming from the airplane manufacturing company Boeing. The company says that they have decided to lay off 10% of their employees. Due to increasing loss and continuous pressure in business because of the employee's strikes.
This decision of the company will lead to 17000 employees losing their jobs. The company's decision will also delay its production. According to CEO Kelly Ortberg's email, this global layoff will affect employees at all levels, including executives, managers, and employees. Boeing has even warned of losses in its guns and military equipment manufacturing operations. In addition, the business has delayed the delivery deadlines for its new aircraft, the 777X.
Boeing International Association of Machinists and Aerospace Workers employees walked out of work on September 13 after rejecting the contract proposal by a large majority.
Currently, the company is dealing with a strike by about 33,000 employees that has been going on for the past three weeks. This has had an adverse impact on operations. This strike has also hampered the manufacture of the company's best-selling aircraft. Since 14 September the strike has been going on and yet no solution has been found as per the discussion between the company and the employee union. It is to the effect that last month Boeing filed an application against the union before the National Labor Related Board and complained that the union is adopting an adamant attitude while ignoring the interests.
Boeing did say that its commercial aviation results in the third quarter took a hit, partly due to the strike, of $3 billion pre-tax, part of an estimated loss of $9.97 a share.
Ortberg said, 'When our business is in challenges, we take important decisions for our future, and that's the idea of what we should do to rebuild our company. Those necessary steps are needed to remain competitive long with important structural changes in our business. Boeing said, " On the loss caused by the strike, the delivery dates of the new aircraft 777X have also been extended. The first delivery was to be done in 2025 but now it will be done in 2026. Along with this, the company has also planned to stop the production of 767 freighters in the year 2027. It says that production will be stopped after completing all its orders.
