Boeing's chief executive Kelly Ortberg has announced a 10 percent workforce reduction, amounting to approximately 17,000 jobs, as part of a major restructuring effort to address ongoing production challenges and improve the company’s financial health.
Mr. Ortberg emphasized that 'the business is in a difficult position' and acknowledged the necessity for tough decisions and structural changes to maintain competitiveness and ensure long-term delivery on customer commitments.
The cuts, which will impact all levels from executives to production workers, reflect a critical need for Boeing to adapt following a disruptive strike and failures to meet production targets.
Having last reported an annual profit in 2018, Boeing is now faced with pressing issues that must be tackled strategically, focusing on leveraging its strengths while streamlining operations.
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