The president and CEO of BoeingKelly Ortberg, announced this Friday in a letter addressed to all her collaborators that The company will lay off 10% of its workforce “in the coming months”, which is equivalent to around 17,000 people.
“Our company is going through a difficult period, and it is not easy to exaggerate the challenges we face (…) Restoring the business requires difficult decisions that we will have to make to make structural changes that guarantee competitiveness,” he said. stated in his letter.
Boeing faces strike since September 13 without any sign of an end soon, and this is in addition to the technical problems that several of its planes have recorded recently: in 2024 alone, it has reported at least seven incidents, but no fatal ones. After the layoffs were announced and after Wall Street closed, the company’s shares fell 1.90%.
The layoffs will affect directors, managers and rank-and-file employees, explains the president, who promised more detailed information next week, but has already predicted that the next round of permits will be canceled.
The executive waits losses of $9.97 per share in the third quarter – they publish their results on October 23 – and have announced delays in deliveries of their devices.
The announcement from the aeronautics giant came as a surprise this Friday afternoon, the eve of a three-day vacation, in the form of two declarations: one toanticipating negative third quarter resultsand another communicating the consequences this will have for the company.
“We know how difficult these decisions will be for you, your families and the entire team, and I really wish we didn’t have to make them. But The state of the business and our future recovery demand painful actions“, he notes.
Boeing is poised to end an “annus horribilis” that began Jan. 5 in Portland, when a 737 Max 9 lost a door upon takeoff from Portland and had to return to the ground. The incident forced the company to temporarily ground many 737 Max models nationwide and caused the government to open several federal investigations and shares lost a quarter of their value. reducing the company’s market valuation by more than $40 billion.
