By Free Republic | Created at 2024-11-15 16:02:54 | Updated at 2024-11-28 09:57:25
1 week ago
Boeing delivers layoff notices to 17,000 workers amid financial struggles
UPI ^ | November 13, 2024 | Sheri Walsh
Posted on 11/15/2024 7:26:01 AM PST by Red Badger
Nov. 13 (UPI) -- Boeing started issuing layoff notices Wednesday to 17,000 employees to cut 10% of its workforce in an effort to shore up the aerospace giant's shaky finances.
The layoff notifications, which will be handed out through Friday, are being issued the same week 33,000 Boeing machinists in the Seattle area returned to work following their seven-week strike.
"Our business is in a difficult position, and it is hard to overstate the challenges we face together," Boeing chief executive officer Kelly Ortberg told staff in a memo last month as he announced the cuts.
"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," Ortberg added.
The layoffs will impact executives, managers and employees, but workers who build the aircraft are not expected to be cut. Those who receive notifications are expected to leave the company by Jan. 17.
"We must reset our workforce levels to align with our financial reality and to a more focused set of priorities," Ortberg said, adding that Boeing will "maintain our steadfast focus on safety, quality and delivering for our customers."
In addition to the layoffs, Boeing will delay its first delivery of the 777X to 2026 and conclude production of its 767 Freighters in 2027. Production of the KC-46A Tanker will continue.
The cuts at Boeing follow billions of lost revenue over the past five years and a number of crises, including two 737 Max 8 crashes over a six-month period with the first occurring in October 2018, which was the last year Boeing turned a profit. This year, a door panel blew off a 737 Max jet mid-flight, as regulators investigated Boeing's safety protocols and Max production stalled with the machinists' strike.
"We need to be clear-eyed about the work we face and realistic about the time it will take to achieve key milestones on the path to recovery," Ortberg said.
"We also need to focus our resources on performing and innovating in the areas that are core to who we are, rather than spreading ourselves across too many efforts that can often result in underperformance and underinvestment."
TOPICS: Business/Economy; Military/Veterans; Society; Travel
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1 posted on 11/15/2024 7:26:01 AM PST by Red Badger
To: Red Badger
Imagine the government laying off 10% of their not really working force.
2 posted on 11/15/2024 7:27:51 AM PST by Sacajaweau
To: Red Badger
Quality control and safety inspectors?
3 posted on 11/15/2024 7:29:00 AM PST by TangoLimaSierra (⭐⭐To the Left, The Truth is Right Wing Violence⭐⭐)
To: Sacajaweau; TangoLimaSierra
Notice:
Strike’s over.
Now your are laid off.......................
4 posted on 11/15/2024 7:30:19 AM PST by Red Badger (Homeless veterans camp in the streets while illegals are put up in 5 Star hotels....................)
To: Red Badger
America needs Boeing. What has been done to Boeing by executive staff is criminal. There should be jail time involved for some of those idiots in management.
5 posted on 11/15/2024 7:32:23 AM PST by brownsfan (It's going to take real, serious, hard times to wake the American public.)
To: Red Badger
6 posted on 11/15/2024 7:34:52 AM PST by Sacajaweau
To: Red Badger
7 posted on 11/15/2024 7:37:20 AM PST by WeaslesRippedMyFlesh (I have zero tolerance and zero empathy for the left)
To: Red Badger
8 posted on 11/15/2024 7:38:04 AM PST by montag813
To: Red Badger
9 posted on 11/15/2024 7:42:02 AM PST by Redleg Duke (“Time to Play Cowboys and Snowflakes!”)
To: TangoLimaSierra
You have to have Quality control and safety inspectors before you can lay ‘em off.
Having spent 37 years in aviation maintenance, 17 of that in Quality, from the things I’ve been reading about Boeings maintenance issues, it sounds to me like they barely have a quality program at all.
10 posted on 11/15/2024 7:42:51 AM PST by V_TWIN (America...so great even the people that hate it refuse to leave!)
To: montag813
RFK Jr’s sister Rory Kennedy chronicled some of Boeing’s fall in the Netflix doc “Downfall” The case against Boeing.
Maybe Boeing can be made great again in the new Trump era.
To: Red Badger
They should start with IT. Worst group of individuals I ever worked with.
12 posted on 11/15/2024 7:46:02 AM PST by EQAndyBuzz (Drill Baby Drill!)
To: Red Badger
Boeing knew this was coming for at least 6 months. They waited until a week after the election so it wouldn’t hurt their puppet masters in Chicago and Kamala.
Their whole reason for moving their headquarters to Chicago has come apart.
13 posted on 11/15/2024 7:47:14 AM PST by oldplayer
To: Red Badger
“We also need to focus our resources on performing and innovating in the areas that are core to who we are, rather than spreading ourselves across too many efforts that can often result in underperformance and underinvestment.”
DEI
14 posted on 11/15/2024 7:50:25 AM PST by PeterPrinciple (Thinking Caps are no longer being issued but there must be a warehouse full of them somewhere.)
To: Red Badger
Boeing needs a blood transfusion. All new blood.
Or a new owner.
15 posted on 11/15/2024 7:53:34 AM PST by lurk (u)
To: Redleg Duke
Merry Christmas!
You’re fired!.......................
16 posted on 11/15/2024 7:55:24 AM PST by Red Badger (Homeless veterans camp in the streets while illegals are put up in 5 Star hotels....................)
To: montag813
Will post if you don’t mind...😁
17 posted on 11/15/2024 7:57:07 AM PST by Red Badger (Homeless veterans camp in the streets while illegals are put up in 5 Star hotels....................)
To: Red Badger
18 posted on 11/15/2024 7:59:25 AM PST by Redleg Duke (“Time to Play Cowboys and Snowflakes!”)
To: CondoleezzaProtege
Aren’t they Elon’s competition?
19 posted on 11/15/2024 8:00:45 AM PST by dfwgator (Endut! Hoch Hech!)
To: Red Badger
Wonder how many will be management.....
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