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The Wall Street Publication > Blog > Economy > Boeing to put off roughly 2,200 Washington employees 5 days earlier than Christmas
Economy

Boeing to put off roughly 2,200 Washington employees 5 days earlier than Christmas

Editorial Board Published November 19, 2024
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Boeing to put off roughly 2,200 Washington employees 5 days earlier than Christmas
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Video reveals flames spewing from engine of Hainan Airways airplane following chook strike after departing Rome, Italy. (Credit score: Viral Press)

Boeing is about to put off 2,199 employees within the state of Washington simply days earlier than Christmas, and employees in different states might be impacted, as effectively.

The aviation firm notified the state of Washington of the cuts, set to occur on Dec. 20, in line with FOX 13 Seattle. One other 220 folks will lose their jobs in South Carolina, Reuters reported. The 2 states are the place Boeing builds industrial airliners.

The layoffs are a part of the debt-heavy U.S. planemaker’s plan to chop 17,000 jobs, or 10% of its world workforce, in line with a union official and federally required filings posted on Monday.

Boeing staff in Oregon and Missouri are additionally set to be impacted, in line with Reuters, though the precise quantity was not shared. 

BOEING ISSUES LAYOFF NOTICES AS AEROSPACE GIANT CUTS 17,000 JOBS

A Boeing 737 Max is displayed in the course of the Worldwide Paris Air Present on the Paris Le Bourget Airport on June 20, 2023. (GEOFFROY VAN DER HASSELT/AFP by way of Getty Photos / Getty Photos)

The aerospace large began telling affected U.S. employees on Wednesday that they may keep on Boeing’s payroll till Jan. 17 to adjust to federal necessities to inform staff a minimum of 60 days previous to ending their employment.

The notices come as Boeing tries to restart manufacturing of its strongest-selling 737 MAX, after a weekslong strike by greater than 33,000 U.S. West Coast employees halted output of most of its industrial jets.

BOEING DOOR PLUG HEARINGS PUT EMBATTLED PLANEMAKER UNDER NTSB SCRUTINY

Boeing picket sign before the Boeing sign

A strike signal is pictured outdoors a Boeing manufacturing facility on Sept. 13, 2024 in Renton, Washington. (Stephen Brashear/Getty Photos)

“As previously announced, we are adjusting our workforce levels to align with our financial reality and a more focused set of priorities. We are committed to ensuring our employees have support during this challenging time,” an announcement from Boeing to FOX Enterprise mentioned.

Boeing mentioned, “eligible employees will receive severance pay, career transition services, and subsidized health care benefits up to 3 months after exiting the company.” 

Boeing Facility Entrance Sign

Signage outdoors the Boeing Co. manufacturing facility in Renton, Washington, on Monday, Feb. 5, 2024. (David Ryder/Bloomberg by way of Getty Photos / Getty Photos)

CLICK HERE TO READ MORE ON FOX BUSINESS 

Boeing shares gained 2.6% to shut at $143.87 on Monday.

Boeing is predicated in Arlington, Virginia. The corporate has lurched from disaster to disaster this yr, kicking off on Jan. 5 when a door panel blew off a 737 Max jet in midair. Since then, its CEO departed, its manufacturing has slowed as regulators investigated its security tradition and its largest union kicked off a strike on Sept. 13 that ended on Nov. 5.

FOX Enterprise’ Sarah Rumpf-Whitten, Daniella Genovese, Jasmine Baehr and Reuters contributed to this report. 

TAGGED:BoeingChristmasdayslayroughlyWashingtonworkers
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