Boeing to Lay Off 17,000 Jobs Amid Strike Woes

Описание: Boeing to Lay Off 17,000 Jobs Amid Strike Woes

Boeing plans to cut 17,000 jobs, or 10% of its global workforce, and delay the first deliveries of its 777X jet until 2026, as it anticipates a $5 billion loss in the third quarter. The US planemaker has been hit hard by a month-long strike involving 33,000 workers in Chicago, halting production of key jets like the 737 MAX. Boeing CEO Kelly Ortberg said downsizing is necessary to address the company’s financial challenges. The strike is costing Boeing $1 billion monthly and risks the company's credit rating. Additionally, Boeing is facing a Texas court hearing regarding a fraud plea deal with the Justice Department. Watch the video to know more.

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