Boeing to cut 17,000 jobs as labor strike enters fourth week
While reporting preliminary third quarter results, Aircraft manufacturer Boeing (BA) revealed it is cutting 17,000 jobs as factory worker strikes stretch into their fourth week. 30,000 workers represented by the International Association of Machinists and Aerospace Workers (IAM) are currently on strike.
Julie Hyman and Pras Subramanian join Josh Lipton on Asking for a Trend comment on the workforce cut, which represents 10% of Boeing’s total workers.
To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here.
This post was written by Luke Carberry Mogan.
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