Boeing will lay off 10% of its employees as strike by factory workers cripples airplane production
Updated: 5:27 PM EDT Oct 11, 2024
30,000 Boeing workers are now on strike on Thursday, International Association of Machinists and aerospace workers at Boeing voted by 95% to reject *** new contract negotiated by union leadership and Boeing management. And by 96% to authorize *** strike. According to business insider, these workers represent about 20% of the company’s employees. According to USA today, the proposed contract had included *** 25% wage increase over four years. Workers had demanded 40% as well as other benefits. The company was un to provide including an annual bonus. I am President John Holden told CNN last month that the dispute is really about what has happened to our members by the leadership of the company for close to 20 years. Here’s Holden speaking on Thursday while there were many important things that were in this offer, it didn’t make up, it didn’t bridge the gap for 16 years from 2008 and going through two extensions and the threats of job loss, you know, stagnated wages, cost shift on health care and many other issues. Boeing has of course, recently been embroiled in scandals over safety concerns. Provisioner Natalie Anderson connected those issues to management’s relationship with its employees. It just feels like they’re trying to put *** little bit of pressure on us and that’s just not the way you want to act towards your employees. If you really want us to work for you and build *** quality plane business insider quoted *** Boeing statement issued Friday saying we remain committed to resetting our relationship with our employees and the union and we are ready to get back to the table to reach *** new agreement.
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Boeing will lay off 10% of its employees as strike by factory workers cripples airplane production
Updated: 5:27 PM EDT Oct 11, 2024
Boeing plans to lay off about 10% of its workers in the coming months as it continues to lose money and tries 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.
Boeing plans to lay off about 10% of its workers in the coming months as it continues to lose money and tries 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.
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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.
