Crisis-hit Boeing to fire 17,000 employees: report
The US manufacturer Boeing has announced plans to eliminate around 10% of its workforce over the coming months, as the aerospace giant’s losses continue to mount and a strike undercuts the production of its best-selling planes.
The job cuts will include executives and managers in addition to ordinary employees, according to a memo shared by the company’s new president and CEO Kelly Ortberg on Friday. The corporation employs nearly 170,000 people worldwide, RT reported.
“Our business is in a difficult position, and it is hard to overstate the challenges we face together,” said Ortberg, who became CEO of the troubled aircraft maker two months ago. A month after he took the helm, 33,000 hourly workers went on strike.
“We reset our workforce levels to align with our financial reality and to a more focused set of priorities,” he added.