Boeing Layoffs: Boeing, one of the world’s largest aerospace companies, has laid off hundreds of workers in Washington state and California as part of a broader plan to reduce its workforce, according to a report by the Associated Press. The layoffs are part of Boeing’s strategy to address financial challenges and align with its operational goals.
The report indicated that nearly 400 employees in Washington state and over 500 in California were affected. This is part of a larger initiative aimed at reducing Boeing’s global workforce by approximately 17,000 jobs.
Boeing earlier revealed plans to cut its workforce by 10 per cent in the coming months. This move is part of the company’s broader recovery strategy, addressing the financial and operational challenges it has encountered in recent years.
The company is focused on ramping up production of its popular 737 MAX aircraft, which was affected by a nearly two-month strike involving over 33,000 West Coast workers. While the strike disrupted the production of many of Boeing’s commercial aircraft, CEO Kelly Ortberg clarified that the layoffs were not a direct result of the strike but rather due to overstaffing in various positions.
The latest round of layoffs at Boeing impacted various roles across the company’s commercial, defence, and global services divisions, including engineers, recruiters, and analysts. Notices of the layoffs were submitted to state employment agencies, with the first wave affecting approximately 3,500 employees nationwide.
Boeing has assured that most laid-off employees will remain on the payroll for up to two months, receiving severance pay, career transition support, and subsidised health insurance benefits for up to three months.
“As announced in early October, we are adjusting our workforce levels to align with our financial reality and a more focused set of priorities,” Boeing representatives said in a statement.
These layoffs come as Boeing grapples with ongoing financial challenges stemming from several crises. The company’s troubles began with two fatal crashes involving its 737 MAX jetliner in 2018 and 2019, which resulted in 346 deaths and led to the aircraft being grounded worldwide for over a year.
Also Read: Major Layoffs In November: Schaeffler, Oracle, KPMG, Nissan, Bosch And More
