The American aerospace, defense and space concern Boeing announces the dismissal of one tenth of its crew. After almost a month of negotiations with trade unions, the management decided to lay off 17,000 employees and delay the first deliveries of the 777X jet by a year. The company's losses in the third quarter amounted to USD 5 billion.
– We must have a clear view of the tasks we face and be realistic about the time needed for recovery. We also need to focus resources on achieving results and innovation in areas that are core to who we are, rather than spreading ourselves across too many goals, which can often result in underperformance and underinvestment, explained CEO Kelly Ortberg, quoted by the Seattle Times. .
Boeing's problems
Reducing the workforce by 10%. he justified the need to adapt to the financial reality as a result of the strike of 33,000 employees on the west coast USAwhich suspended production of the 737 MAX, 767 and 777 aircraft.
According to Reuters, an agreement to end the strike is crucial for Boeing. On Wednesday, the company accused the mechanics of lack of good faith negotiations and unfair practices.
Ratings agency S&P estimated that the strike would cost Boeing $1 billion a month.
Ortberg said his company has notified customers of the expected first delivery of the 777X in 2026. Previously, the company had problems obtaining a certificate for the 777X, which resulted in significant delays.
“While our company faces short-term challenges, we are making important strategic decisions for the future and have a clear view of the work we need to do,” Ortberg said.
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