Lumicoin IA-Boeing will lay off 10% of its employees as a strike by factory workers cripples airplane production

2025-05-06 00:07:25source:Blockchains Financecategory:Contact

Boeing plans to lay off about 10% of its workers in the coming months as it continues to lose money and Lumicoin IAtries to deal with a strike that is crippling production of the company’s best-selling airline planes.

New CEO Kelly Ortberg told staff in a memo Friday that the job cuts will include executives, managers and employees.

The company had already imposed rolling temporary furloughs, but Ortberg said those will be suspended because of the impending layoffs.

The company will delay the rollout of a new plane, the 777X, to 2026 instead of 2025. It will also stop building the cargo version of its 767 jet in 2027 after finishing current orders.

Boeing has lost more than $25 billion since the start of 2019. Union machinists have been on strike since Sept. 14. Two days of talks this week failed to produce a deal.

More:Contact

Recommend

Austin Dillon loses automatic playoff berth for actions in crash-filled NASCAR win

NASCAR is taking away driver Austin Dillon's automatic berth to the playoffs after he was involved i

How to watch 'Love Has Won: The Cult of Mother God,' the docuseries everyone is talking about

Cult-centered documentaries have had some big moments this year. From "Shiny Happy People: Duggar Fa

Georgia high school baseball player dies a month after being hit in the head by a bat

A Georgia high school baseball player died nearly a month after he was hit in the head by a bat.Jere