Boeing to repay strikers, but will cut workforce

Boeing News

Boeing to repay strikers, but will cut workforce
ToRepayStrikers
  • 📰 TheManilaTimes
  • ⏱ Reading Time:
  • 21 sec. here
  • 9 min. at publisher
  • 📊 Quality Score:
  • News: 36%
  • Publisher: 92%

WASHINGTON, D.C. — Boeing Chief Executive Officer Kelly Ortberg said on Thursday that employees furloughed during a seven-week strike by factory workers would be repaid by the company for lost wages, but it would proceed with plans to cut about 10 percent of its global workforce.

Boeing furloughed thousands of salaried employees on a rolling basis after the strike by 33,000 union machinists began in September and halted production of its best-selling 737 MAX. But the planemaker later canceled the unpaid leave after announcing plans to cut 17,000 jobs.'Your sacrifice made a difference and helped the company bridge to this moment,' Ortberg told staff in an email seen by Reuters.

'A spokesman for the Society of Professional Engineering Employees in Aerospace, which represents Boeing engineers, said earlier it was informed that 60-day notices of job losses would be issued to its members on Nov. 15.Boeing on Monday won ratification of a contract giving its machinists a 38-percent pay hike over four years and a $12,000 bonus, ending the strike.Those workers are due back by Nov. 12.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

TheManilaTimes /  🏆 2. in PH

To Repay Strikers But Will Cut Workforce

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

CIBI appoints former TransUnion head as president, chief executiveCIBI appoints former TransUnion head as president, chief executiveCIBI Information Inc., the country’s first and only local credit bureau, announced the appointment of Pia Arellano as its new president and chief
Read more »

Radisson Blu Cebu receives sixth executive level Safehotels certificationRadisson Blu Cebu receives sixth executive level Safehotels certificationThis certification strengthens Radisson Blu Hotel Cebu's commitment to providing the highest standards of safety and security for guests and staff alike.
Read more »

Gatchalian: No new info from Alice Guo in latest executive sessionGatchalian: No new info from Alice Guo in latest executive sessionLatest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »

World Bank executive lauds PH for job creation, poverty reductionWorld Bank executive lauds PH for job creation, poverty reductionA World Bank Group (WBG) executive lauded the Philippines for its progress in job creation and poverty reduction. Anna Bjerde, managing director of
Read more »

Disney to name new CEO in early 2026Disney to name new CEO in early 2026NEW YORK — Disney said Monday it will name Bob Iger's successor as chief executive in early 2026 as it tapped former Morgan Stanley chief executive officer (CEO) James Gorman as chairman of the entertainment giant.
Read more »

Boeing factory workers vote to accept contract and end more than 7-week strikeBoeing factory workers vote to accept contract and end more than 7-week strikeThe contract’s ratification on the eve of Election Day clears the way for a major US manufacturer and government contractor to restart Pacific Northwest assembly lines that the factory worker walkouts have idled for 53 days.
Read more »



Render Time: 2025-02-19 16:14:21