The turbulence continues at Boeing as the company has issued layoff notices to over 400 members of its professional aerospace labor union.
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00:00Turbulence continues at Boeing as the company has issued layoff notices to over 400 members
00:06of its professional aerospace labor union, part of broader cuts aimed at addressing financial
00:12and regulatory challenges. Layoffs come on the heels of an eight-week machinist strike
00:17that cost the company billions of dollars. In October, Boeing announced plans to reduce
00:22its workforce by 10 percent or about 17,000 jobs, with CEO Kelly Ortberg emphasizing the need to
00:29align staffing with financial realities. However, those impacted by the layoffs are
00:35said to remain on the payroll until mid-January.