Boeing Layoffs

By Dan Catchpole, Allison Lampert

(Reuters) – Boeing will lay off over 2,200 workers in Washington and Oregon as part of its plan to cut 17,000 jobs, or 10% of its global workforce.

Affected workers were notified on Wednesday but will remain on Boeing's payroll until January 17 to comply with federal requirements.

The announcement of layoffs was widely anticipated, with more notifications expected in December. In October, Boeing's CEO Kelly Ortberg stated that the company aims to preserve jobs in production and engineering sectors.

While some engineers and production workers received layoff notices last week, engineers within Boeing expressed concerns that remaining employees would bear additional workloads. Reports indicate varied impacts across different divisions at Boeing.

The layoffs occur as Boeing seeks to resume production of its 737 MAX following a recent strike that halted output of most commercial jets. Boeing shares increased by 2.7% on Monday afternoon.

Key Points:

• Over 2,200 layoffs in Washington and Oregon.
• Total job cuts: 17,000 globally.
• Notifications sent to affected employees as per legal requirements.
• Concerns over increased workload for remaining employees.
• Boeing's stock rose by 2.7% following news.