Wednesday, October 16, 2024

Boeing cutting 17,000 jobs from global workforce

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Boeing has about 2,000 workers in Canada, according to the company.

The strike – which kicked off Sept. 13 – halted production of Boeing ‘s 737 MAX, 767 and 777 jets, and the company’s shares fell 1.1% in after-market trading.

The layoffs could put pressure on employees to end the strike, said Thomas Hayes, equity manager at Great Hill Capital, in the Reuters report posted on CTV News.

“Striking workers who temporarily do not have a paycheck do not want to become unemployed workers who permanently do not have a paycheck,” he said in an email, according to the report. “I would estimate the strike will be resolved within a week as these workers do not want to find themselves in the next batch of 17,000 cuts.”

Boeing also fired about 2,000 workers in 2023.

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