economie

Boeing will delay its 777X plane and cut 10% of workforce as it deals with a strike and 737 Max issues

Boeing’s CEO said the company was cutting 10% of its workforce.

  • Boeing said Friday that it would cut 10% of its 170,000-strong workforce.
  • CEO Kelly Ortberg said the company was in a “difficult position” amid a strike.
  • The planemaker is still dealing with the fallout of quality-control issues on some of its plane models.

Boeing said Friday that it would cut its workforce by 10%, further delay its 777X plane, and discontinue a freighter model as it deals with the financial fallout of an ongoing strike.

In a note to employees, CEO Kelly Ortberg said Boeing was in a “difficult position” and that “restoring our company requires tough decisions.” The planemaker is mired in regulatory headaches after a January incident in which a door plug blew out of a 737 Max, as well as an ongoing strike.

Ortberg, who took over as CEO in August, said the workforce reduction included executives and manager-level positions. As of the end of 2023, Boeing had about 170,000 employees.

Other cost-cutting measures include discontinuing the 767 cargo plane, Ortberg said.

This story is breaking. Check back for updates.

Read the original article on Business Insider

https://www.businessinsider.com/boeing-layoffs-strike-777x-delay-freighter-2024-10