Boeing starts issuing layoff notices as planemaker trims 10% of workforce
WASHINGTON, Nov 13 (Reuters) - Boeing said on Wednesday it is issuing layoff notices starting this week to workers impacted by a broader plan by the heavily indebted planemaker to cut 17,000 jobs, or 10% of its global workforce.
The pink slips went out last week to members of the Society of Professional Engineering Employees in Aerospace, or SPEEA.
Stock down 45% YTD, with bearish technical signals showing risk of further declines. Boeing Co BA is issuing layoff notices to 17,000 employees as part of a broader effort to rightsize its ...
The cuts, which come after a labor union strike, equate to 10% of its workforce. “We are adjusting our workforce levels to ...
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