New Delhi. Aerospace giant Boeing is in a lot of trouble. It is facing regulatory action after defects were found in the planes manufactured by the company. This year it has suffered a loss of $ 8 billion.
Last month itself, 33,000 employees went on a long strike, which badly affected production. The company is also forced to stop production of some aircraft from the year 2027. Now to improve the poor financial condition, the company has announced a 10 percent reduction in its workforce and has said that it will lay off about 17,000 of its employees. Boeing has 170,000 employees worldwide.
The company is taking such a step to reduce rising costs and cut down expenses. The decision to lay off employees is expected to be effective in mid-January. Most of Boeing’s employees work in production units located in South Carolina and Washington state in the US. The company’s CEO Kelly Ortberg has said in a letter to employees that these changes have been made keeping in mind the company’s financial situation. Kelly clarified that work on previously announced projects will continue.
Senior officials will also lose their jobs.
Ortberg told the employees last month that the job cuts will include officers, managers and employees. Ortberg told the employees that our business is going through a difficult phase and tough decisions have become necessary to deal with the challenges.
The company will also stop the production of planes
Apart from layoffs, Boeing has also announced to stop the production of commercial 767 cargo planes from 2027. Apart from this, the rollout of the new 777X has been postponed till 2026 due to technical flaws found in the company’s new aircraft 777X. It is worth noting that after two fatal accidents, the company had to stop the production of its aircraft, 737 Max. Due to this, the company has also faced many safety and regulatory challenges.
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