Boeing's workforce will be cut by around 10%, involving various levels of employees, in response to ongoing strikes and severe financial challenges.
CEO Kelly Ortberg emphasized that the challenges facing Boeing are significant, noting difficult circumstances amid a continued strike that has greatly impacted production.
The company expects to report a significant loss per share for the third quarter, alongside a notable cash outflow, highlighting the financial pressure it is under.
Despite being in negotiations, Boeing's ongoing labor dispute remains unresolved, contributing to the delay of the 777X deliveries now expected in 2026.
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