(NEW YORK) — Boeing will reduce the size of its total workforce by 10% over the coming months, CEO Kelly Ortberg said in a letter to employees on Friday.
That amounts to around 17,000 jobs, based on the company’s December 2023 total workforce numbers.
Ortberg said due to the workforce reductions, Boeing would not proceed with the next cycle of furloughs.
Ortberg also said the 777X program would be delayed until 2026, the 767 freighter program would end in 2027 and the company expects “substantial new losses” in Boeing Defense, Space & Security this quarter.
“Our business is in a difficult position, and it is hard to overstate the challenges we face together,” said Ortberg. “Beyond navigating our current environment, restoring our company 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.”
This is a developing story. Please check back for updates.
Copyright © 2024, ABC Audio. All rights reserved.
Listen to this article There have been at least 85 massive clean energy projects announced across the Midwest since 2022, and clean energy jobs were growing
By: Pastor Ty Houghtaling Are you frustrated with our current political leadership? New Mexico seems to be the worst at the best things and the best at t
According to US Labor Department and economic statistics, OR, much like WA, is steadily losing manufacturing jobs. Manufacturing jobs are considered a corners
Meet “Sassy,” an AI-powered career exploration guide. It’s a chatbot that can help students in Oregon brainstorm possible careers, create action plans