Boeing to lay off 10% of workforce amid massive strike, financial woes

Boeing will cut 10% of its workforce and reduce production due to financial troubles and an ongoing strike, with CEO Kelly Ortberg emphasizing the need for structural changes to remain competitive. The strike, led by the International Association of Machinists and Aerospace Workers, was the result of stagnant wages, safety concerns, and unfair labor practices, leading to layoffs and production delays. Other Boeing employee unions criticized the company for blaming striking workers instead of addressing managerial issues and rebuilding trust with regulators and customers.

Full Article