According to recent reports, Boeing plans to lay off additional employees at its Washington facilities.
On Tuesday, the Washington State Employment Security Department announced that Boeing intends to eliminate 396 positions across various locations in the state.
These layoffs have significantly impacted Washington, home to Boeing’s largest workforce of over 60,000 employees and the primary hub for commercial aircraft production.
This latest round of job cuts is part of a broader restructuring plan unveiled in October. The plan will affect approximately 17,000 positions globally, representing about 10% of Boeing’s workforce, through layoffs and leaving vacancies unfilled.
Last month, Boeing announced plans to lay off more than 2,500 workers across Washington, Oregon, South Carolina, and Missouri.
The aerospace giant reiterated that these workforce adjustments must align with financial realities and refocus priorities.
Boeing is currently resuming production of its bestselling 737 MAX model after a weeks-long strike by over 33,000 workers on the U.S. West Coast halted most of its commercial aircraft manufacturing.
Boeing completed a $24.3 billion stock offering in November to strengthen its financial position and maintain its investment-grade credit rating.
Following the announcement, Boeing’s stock price rose 2.22% to close at $157.34.
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