Boeing to Issue Layoff Notices Amid Strikes, Cut 17,000 Jobs
Boeing plans to send layoff notices to thousands of employees as the company struggles with ongoing strikes and financial turmoil. Acting U.S. Labor Secretary Julie Su is in Seattle to mediate talks between Boeing and union workers, with 33,000 workers striking since September. Boeing announced a 17,000 job cut, adding to a tumultuous year that included delays in aircraft production. The company will issue 60-day layoff notices in November, impacting union and non-union workers. Shares fell over 1% following the announcement.
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00:00It's Benzinga, and here's what's on the block.
00:02Boeing plans to send layoff notices to thousands of employees as the company struggles with
00:07ongoing strikes and financial turmoil.
00:10Acting U.S. Labor Secretary Julie Hsu is in Seattle to mediate talks between Boeing and
00:14union workers, with 33,000 workers striking since September.
00:19Boeing announced a 17,000 job cut, adding to a tumultuous year that included delays
00:23in aircraft production.
00:25The company will issue 60-day layoff notices in November, impacting union and non-union
00:30workers.
00:31Shares fell over 1 percent following the announcement.
00:33For all things money, visit Benzinga.com.