Boeing begins process to cut 17,000 jobs, reduce global workforce by 10%

Quick Summary:

The layoffs come as the company works to restart production of its 737 MAX aircraft following a recent strike and ongoing safety concerns.

Boeing is issuing layoff notices this week as part of its plan to cut 17,000 jobs, or 10% of its workforce.

Boeing secured $24 billion in financing to stabilize its finances amid the turmoil.

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Article Details

Author / Journalist: TOI Business Desk

Category: EconomyBusiness

Markets: IndiaAustraliaAzerbaijanFranceIsraelPakistan

Topics: Boeing layoffs US job market Job cuts Boeing Kelly Ortberg Boeing CEO Boeing workforce reduction 737 MAX production Boeing news

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-14 @ 19:39:03 (3 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 640 words

Reading Time: 4 minutes read

Sentences: 19 lines

Sentence Length: 34 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 23585019

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