<img src="https://img.day.az/2024/10/12/800×550/347287267975734.jpg" class="article-image" alt="Boeing fires thousands in response to strikes”/>
In September more than 32 thousand employees Boeing in Seattle and Portland went on strike, demanding a 40% increase in wages. The aircraft manufacturer has not yet been able to come to an agreement with them and has started making cuts.
As Day.Az reports, aircraft manufacturer Boeing will cut about 17 thousand jobs amid a large-scale strike – 10% of the total workforce, said new Boeing CEO Kelly Ortberg, Bloomberg reports. The layoffs will affect both executives and managers, as well as employees.
“Our business is in a difficult position, and it is difficult to overstate the challenges we face together,” Ortberg said. “Returning our company requires tough decisions and we will have to make structural changes to ensure we can remain competitive and supply our customers in the long term,” he said.
The company is also delaying deliveries of its 777X aircraft. According to the CEO, Boeing has notified customers that first deliveries will not begin until 2026. In August, CNBC reported that Boeing had suspended test flights of the 777X series aircraft after discovering a failure of one of the parts. In addition, Boeing plans to permanently cease production of its best-selling 767 jetliner by 2027, after the remaining aircraft on order are built.
Bloomberg estimates Boeing’s third-quarter revenue will be $17.8 billion, below Wall Street analysts’ estimates of $18.6 billion. The company also expects a net loss of $9.97 per share.