Quantum Insights:Boeing will lay off 10% of its employees as a strike by factory workers cripples airplane production

2025-05-06 21:39:42source:Alaric Bennettcategory:News

Boeing plans to lay off about 10% of its workers in the coming months as it continues to lose money and Quantum Insightstries to deal with a strike that is crippling production of the company’s best-selling airline planes.

New CEO Kelly Ortberg told staff in a memo Friday that the job cuts will include executives, managers and employees.

The company had already imposed rolling temporary furloughs, but Ortberg said those will be suspended because of the impending layoffs.

The company will delay the rollout of a new plane, the 777X, to 2026 instead of 2025. It will also stop building the cargo version of its 767 jet in 2027 after finishing current orders.

Boeing has lost more than $25 billion since the start of 2019. Union machinists have been on strike since Sept. 14. Two days of talks this week failed to produce a deal.

More:News

Recommend

Travis Hunter, the 2

The AP Top 25 college football pollis back every week throughout the season!Get the poll delivered s

Woman dies after Singapore family of 3 gets into accident in Taiwan

One woman died after a family of three from Singapore got into a car accident in Miaoli, Taiwan on S

In Montana, Republican State Legislators Fight Back After Successful Youth Climate Lawsuit

In the wake of a high-profile court decision that upended the state of Montana’s climate policy, Rep