Boeing is facing continued challenges in production due to a month-long strike affecting its jets, necessitating a significant job reduction to align with financial realities.
CEO Kelly Ortberg emphasized the need for the workforce changes, stating, 'We reset our workforce levels to align with our financial reality and to a more focused set of priorities.'
Michael Ashley Schulman pointed out that the ongoing issues with Boeing, including delayed deliveries and significant job cuts, were not unexpected, citing a history of mismanagement affecting their financial standing.
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