| Submit your comments on this article |
| Economy |
| Boeing cutting 17,000 jobs to ‘adjust its workforce' after labor union strike |
| 2024-11-15 |
| [NY Post]The other shoe drops Boeing said it is issuing layoff notices to employees who are included in the aerospace giant’s broader workforce reduction plan. The approximately 17,000 employees included in the cuts were notified this week and are expected to leave the company in mid-January, Boeing said. The cuts, which come after a labor union strike, equate to 10% of its workforce. “We are adjusting our workforce levels to align with our financial reality and a more focused set of priorities,” Boeing said in a statement to FOX Business. CEO Kelly Ortberg, who took over in August, told staff in a memo last month that the job cuts would include executives, managers and employees. “Our business is in a difficult position, and it is hard to overstate the challenges we face together,” Ortberg told staff, saying that the situation “requires tough decisions, and we will have to make structural changes to ensure we can stay competitive and deliver for our customers over the long term.” The company has about 170,000 employees worldwide, many of them working in manufacturing facilities in South Carolina and Washington state. The company also announced the end of production of its 767 aircraft in 2027 after it completes the current orders for 29 jets. Related: Boeing 11/10/2024 Russian Aerospace Forces Destroy Two Militant Bases in Homs Province Boeing 11/09/2024 Additional squadron of US F-15E fighter jets said en route to Israel ahead of expected Iran attack, contract for 25 F-15IAs in 2031 Boeing 11/09/2024 Shock photos show physical deterioration of stranded NASA astronaut Sunita Williams |
| Posted by:Frank G |
| #4 Frank, I'm thinking they invented a couple new circles just for him. Mike |
| Posted by: MikeKozlowski 2024-11-15 16:07 |
| #3 Howard Metzenbaum. Now there's a name from the past. What circle of hell do you suppose he's kvetching communism from now? |
| Posted by: Frank G 2024-11-15 10:41 |
| #2 NN2N1, They don't care. My father turned off the lights at a shipyard where he'd worked for 19 years because the union was demanding a four hour work week and a 2 year contract. The Navy and Coast Guard were willing to commit years of work and construction if they would approve a 4 year contract, but the union president had delusions of Godhood. They closed the doors in the spring of 83, and the union's first response was to convince the excreable Howard Metzenbaum to introduce a bill forcing the yard to reopen under the union's terms. When that didn't work, the union convinced itself that it was all a trick, and they kept meeting every week for nearly twenty more years before they gave up. Mike |
| Posted by: MikeKozlowski 2024-11-15 08:54 |
| #1 Once again union leadership demands cost the rank and file jobs. Remember International Harvestor? |
| Posted by: NN2N1 2024-11-15 06:00 |