Boeing to lay off roughly 10% of its workforce
Boeing Faces Major Staff Cuts Amid Ongoing Struggles
Boeing is cutting 10% of its workforce as CEO Kelly Ortberg grapples with a tough biz environment. After years of losses and safety issues, it’s clear these are desperate times for the aviation giant.
Financial Turmoil: A $33 Billion Rollercoaster Ride
The past five years have been brutal for Boeing, racking up over $33 billion in losses and hit hard by the pandemic. With debts soaring, they’re at risk of junk bond status! Talk about a bumpy flight!
Union Strife: Strikes and Stalled Negotiations
Workers are feeling the heat as Boeing faces a strike that’s costing them about $1 billion a month. Union members rejected pay offers and are still upset over lost pensions from a decade ago. It’s drama central!
Is Boeing on the Brink? Not Quite Yet!
Despite the chaos, Boeing isn’t going anywhere soon. They face challenges but still hold the monopoly on big passenger jets, leaving customers waiting years if they switch to Airbus. Talk about playing the long game!
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