Aerospace giant announces significant layoffs and a major financial loss following a prolonged labor dispute. The company faced disruptions in production and escalating operational costs due to labor strikes, which impacted their ability to meet contractual deadlines. An aerospace giant has announced that it will lay off 10% of its global workforce and delay the first deliveries of its 777X jet by a year. This decision comes as the company faces $5 billion in losses for the third quarter, largely due to the impact of a month-long strike by 33,000 U.S.…
Boeing to Lay Off 17,000 Workers, Posts $5 Billion Loss Amid Strike
