Boeing Announces Significant Layoffs Amid Financial Struggles
Boeing has begun issuing layoff notices to approximately 17,000 employees, marking a significant reduction of 10% of its global workforce. This decision comes as the aerospace giant faces financial difficulties and restructuring challenges following the end of recent strikes. Notably, hundreds of union workers—including those from SPEEA and IAM—are among those affected, with layoffs impacting various facilities including the St. Louis area where 111 mechanics have received notices. As the company seeks to enhance efficiency and redefine its priorities, employees are expressing frustration and concern about the toll these cuts might take in a tight labor market.
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