Boeing decided to lay off 400 workers due to ongoing losses and strikes

The airplane manufacturing company, Boeing has decided to lay off more than 400 of its employees. The layoff notices have been sent to these employees. It is believed that the company has taken this decision due to continuous losses and the strike of employees going on for the last eight weeks. However, the company says that the layoff is being done due to the appointment of more employees than required.

Boeing company had announced in October that it would lay off 10 percent of its employees i.e. 17 thousand employees. Chief Executive Kelly Ortberg had said in an email that this global layoff would include employees at all levels, including executives, managers, and employees. The company will have to re-determine its employees in accordance with its financial reality.

Now the company has issued pink slips to all 400 employees. The employees who get this slip will remain on the payroll till mid-January. This will also include employees of its technical unit. Employees will also be paid career transition services, health care benefits, and a severance allowance for three months.

The company is now fighting the strike of some 33 thousand employees, which was continued for the last eight weeks. However, now the employees started returning to work. The strike went bad in its impact on the functioning of the company. The impact of this strike has been seen in the production of the best-selling aircraft of the company. The employee union has been on strike since September 14. The strike took a $3 billion pre-tax hit on its commercial aviation results in the third quarter, part of its estimated loss of $9.97 per share.