Boeing to layoff hundreds in Washington state as company-wide cuts continue

  • 📰 FoxBusiness
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 53%

Business News News

Business Business Latest News,Business Business Headlines

Boeing will be laying off 396 employees in Washington state as part of the 10% cut of the company's global workforce following a crisis-filled year.

Boeing is laying off 396 employees at locations in Washington state, Reuters reported on Monday. The move is part of a 10% global workforce cut that the company announced in October, which is expected to impact approximately 17,000 jobs within Boeing. A total of 2,199 Boeing workers in the state of Washington – where its workforce totals more than 60,000 – will be laid off over the next few months, Fox Business reported in November.

According to Boeing, "only a very small number" of employees will lose their jobs in December, "while the majority will exit in mid-January." "Eligible employees will receive severance pay, career transition services, and subsidized health care benefits up to 3 months after exiting the company," the company said previously.

The cuts are coming through layoffs or by not filling vacancies in efforts to revamp the company following a tumultuous year that began in early January when a panel blew out mid-air on an Alaska Airlines flight. Most recently, the company was forced to stall production of its strongest-selling 737 MAX jet amid a weeks-long strike on the West Coast. "As previously announced, we are adjusting our workforce levels to align with our financial reality and a more focused set of priorities.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 458. in BUSİNESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Business Business Latest News, Business Business Headlines