Suggesting Finance
No Result
View All Result
  • Login
  • Home
  • Business
  • Finance
  • Mortgage
  • Banking
  • Credit Cards
  • Investing
  • Loans
  • Saving
  • Taxes
  • More
    • Markets
    • Economy
    • Real Estate
    • Crypto
Subscribe For Alerts
  • Home
  • Business
  • Finance
  • Mortgage
  • Banking
  • Credit Cards
  • Investing
  • Loans
  • Saving
  • Taxes
  • More
    • Markets
    • Economy
    • Real Estate
    • Crypto
No Result
View All Result
Suggesting Finance
No Result
View All Result
Home Economy

Boeing to layoff hundreds in Washington state as company-wide cuts continue

News Room by News Room
December 15, 2024
Reading Time: 2 mins read
0
Boeing to layoff hundreds in Washington state as company-wide cuts continue

Boeing is laying off 396 employees at locations in Washington state, Reuters reported on Monday.

The move is part of a 10% global workforce cut that the company announced in October, which is expected to impact approximately 17,000 jobs within Boeing.

A total of 2,199 Boeing workers in the state of Washington – where its workforce totals more than 60,000 – will be laid off over the next few months, Fox Business reported in November.

Another 200 or so employees will be laid off in Oregon, South Carolina and Missouri during the same timeframe.

BOEING ANNOUNCES LAYOFFS ACROSS FLORIDA AS MOUNTING CONCERNS ABOUT THE COMPANY CONTINUE TO GROW

According to Boeing, “only a very small number” of employees will lose their jobs in December, “while the majority will exit in mid-January.”

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

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

The cuts are coming through layoffs or by not filling vacancies in efforts to revamp the company following a tumultuous year that began in early January when a panel blew out mid-air on an Alaska Airlines flight.

Pictures of Alaska Airlines flight from NTSB report

Most recently, the company was forced to stall production of its strongest-selling 737 MAX jet amid a weeks-long strike on the West Coast.

“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,” Boeing previously said to FOX Business.

Boeing airliner

GET FOX BUSINESS ON THE GO BY CLICKING HERE

After the mid-air blowout and a few other safety concerns on flights across the country, Boeing dealt with the departure of its CEO and slowed production as regulators investigated the company’s safety culture.

Reuters contributed to this report.

Read the full article here

ShareTweetSendSend

Related Posts

Air Canada reaches tentative deal with flight attendants, to resume operations
Economy

Air Canada reaches tentative deal with flight attendants, to resume operations

August 21, 2025
Treasury's Bessent says interviews for potential Fed chairs will start around Labor Day
Economy

Treasury's Bessent says interviews for potential Fed chairs will start around Labor Day

August 20, 2025
Leading economist issues stark recession warning for struggling US economy
Economy

Leading economist issues stark recession warning for struggling US economy

August 18, 2025
Claire's files for bankruptcy again as teen retailer faces second collapse in seven years
Economy

Claire's files for bankruptcy again as teen retailer faces second collapse in seven years

August 17, 2025
Google commits $1B to train US college students in artificial intelligence over three years
Economy

Google commits $1B to train US college students in artificial intelligence over three years

August 16, 2025
Vodka seltzer 'labeling error' turns into silver lining for energy drink maker
Economy

Vodka seltzer 'labeling error' turns into silver lining for energy drink maker

August 15, 2025

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Suggesting Finance

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Visit our landing page to see all features & demos.

LEARN MORE »

Recent Posts

  • Air Canada reaches tentative deal with flight attendants, to resume operations
  • Trump hits Federal Reserve Chair Powell over housing industry in latest attack, blasting mortgage rates
  • Treasury's Bessent says interviews for potential Fed chairs will start around Labor Day

Categories

  • Banking
  • Business
  • Credit Cards
  • Crypto
  • Economy
  • Finance
  • Investing
  • Loans
  • Markets
  • Mortgage
  • Real Estate
  • Saving
  • Taxes
  • Uncategorized
  • Privacy Policy
  • Terms of use
  • Advertise
  • Contact

© 2023 Suggesting Finance. All Rights Reserved.

No Result
View All Result
  • Home
  • Business
  • Finance
  • Mortgage
  • Banking
  • Credit Cards
  • Investing
  • Loans
  • Saving
  • Taxes
  • More
    • Markets
    • Economy
    • Real Estate
    • Crypto

© 2023 Suggesting Finance. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.