Boeing to cut 17,000 jobs, delay first 777X delivery as strike hits finances
Boeing has announced a significant reduction in its workforce, planning to cut approximately 17,000 jobs as part of its response to ongoing challenges, including a labor strike. In addition, the company has delayed the delivery of several jets, indicating ongoing difficulties in meeting production targets. These actions have resulted in a decline in Boeing's stock price, affecting investor confidence and signaling potential difficulties ahead for the company.
Stock Forecasts
BA
Negative
Given the scale of job cuts and delayed deliveries, Boeing may face further operational and financial challenges. These factors could lead to continued investor anxiety and hinder the company's recovery, suggesting a negative outlook in the near term.
Related News
Boeing stock slides as company plans to cut 17,000 jobs, delays jet delivery amid labor strike
Oct 11, 2024, 5:24 PM
An ongoing strike by Boeing's biggest union, the International Association of Machinists and Aerospace Workers (IAM), is proving costly on several fronts for the company.
An ongoing strike by Boeing's biggest union, the International Association of Machinists and Aerospace Workers (IAM), is proving costly on several fronts for the company.
Boeing to axe 10% of staff and slow production of 777x plane
Oct 11, 2024, 5:17 PM
The company said "executives, managers, and employees" jobs are all at risk