Boeing plans a 10% workforce reduction amid COVID-19 pandemic impacts and production challenges.

Boeing plans to reduce its workforce by 10% in response to anticipated significant financial losses in the third quarter. This decision stems from the ongoing effects of the COVID-19 pandemic on air travel demand and production challenges, including a strike by factory workers. The layoffs aim to align the company’s workforce with current business needs and address the financial difficulties faced in the aviation industry.

October 11, 2024
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