Reported 17 days ago
Boeing CEO Kelly Ortberg announced that the company will repay workers furloughed during a recent strike for lost wages, but will still move forward with cutting about 10% of its global workforce, impacting thousands of salaried employees. Despite resolving the strike with a new contract offering significant pay increases to machinists, Boeing faces ongoing challenges, including nearly $8 billion in losses this year, as it reallocates resources and focuses on core operations. Ortberg emphasized the need for structural changes to enhance competitiveness and long-term value.
Source: YAHOO