Boeing begins layoffs amid labor union strike, controversy over CEO's home purchase: 'Very difficult time'

Published On Sep 18, 2024, 12:36 PM

Boeing is initiating temporary layoffs and furloughs as over 33,000 of its workers strike after rejecting contract negotiations. The company's new CEO, Kelly Ortberg, announced that US-based executives and employees would be affected by the furloughs. While production of the Boeing 787 will continue, the situation has heightened tensions, especially as Ortberg recently purchased a $4.1 million home, leading workers to question the company's financial priorities. The striking workers are primarily demanding a 40% pay rise, expressing dissatisfaction that the company is able to invest in executive housing while its workers are facing income instability during the strike.