Boeing to Issue Layoff Notices Amid Strikes, Cut 17,000 Jobs

Benzinga 2024-10-15

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Boeing plans to send layoff notices to thousands of employees as the company struggles with ongoing strikes and financial turmoil. Acting U.S. Labor Secretary Julie Su is in Seattle to mediate talks between Boeing and union workers, with 33,000 workers striking since September. Boeing announced a 17,000 job cut, adding to a tumultuous year that included delays in aircraft production. The company will issue 60-day layoff notices in November, impacting union and non-union workers. Shares fell over 1% following the announcement.

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