Boeing to Cut Workforce by 10%

Boeing to suffer about $5 billion in charges from programs and plans to cut it's workforce as the company responds to the crisis facing the planemaker as it faces a drawn-out strike by workers and a worsening cash crunch. Bloomberg Intelligence's George Ferguson breaks it down.
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[phuongtruong]

I feel bad for all the junior people... It's a sad day.

[damncars]

Replace half their salary with profit sharing. That's what they're asking for.

[smartman]

Boeing should be cutting executives' pay by 60% and keeping 10% of the workforce. Idiots running that company in the ground.

[bryanovermon]

Great job mcdonald douglas you destroyed another company

[maestrovso]

Didn't the machinists want 40% pay increase?

[untouchablex]

All the cuts are in Quality Assurance.

[mq]

Pretty soon Boeing's Wikipedia page is going to change from "is" to "was".

[vistazo]

A company of Boeings caliber should have a solid administration instead of patching, and stumbling and blaming their workforce 💪

[redbarchetta]

I keep saying Boeing is positioning the Commercial side for sale. They gave up on BCA when they moved out of Seattle.

[Abdubwee]

As a F-15 bds employee. They will loose more if they fire us. We have a huge contract with the usaf

[mchuynh]

I would be furloughed or laid off if my employer is saddled in debt. These union employees are living in a fantasy land demanding outrageous salary increase and pension and shut the company down. get rid of the union.

[azeoprop]

Everyone should boycott flying on Boeing planes.

[PatamaGomutbutra]

Very unfortunate for new entry workers who risk their career for impossible pension dream.

[ellamavy]

And as I've been saying, I'm a Union member and I sincerely apologize for all the chaos my fellow members are causing to everybody. They are selfish with their unreasonable and unrealistic demands to the company. I hope Boeing will give a big layoff to us too when we come back.

[joemeyer]

Boeings Commercial, IDS and Space are separate entities! They don’t get along, let’s start wagering on which goes first.

[Miicky]

I know alot of you union guys are here watching. Yes when you come back you will get a lay off notice. You’re done. Don’t bite the hand that feeds you.

[myokimaru]

boeing should solve the workers contract problem first. after that, they can layoff employees as they want.

[scottmarquardt]

Boeing needs to move. I left that rainy dump when I was 21 the same shack I grew up in near seahurst beach is still there but worth 500k from the 19k mom paid in '76.

[othmarbrunner]

Shut down the entire union Boeing company and keep only the non union offer jobs to the ones that will be laid off airbus plane and air traffic costs will triple this will be good for the environment since airplanes are the biggest polluters

[henryblicharz]

Just a drop in the bucket and more to follow, after this they need to reorganize and focus on a New Reality with half the workforce and more AI . The current business model is Over !