More From America’s Least Competent Corporation
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Boeing cannot get out of its own way:
Boeing will lay off 10% of its workforce in the coming months and cut its commercial jet production amid a month-old strike that has left the company burning through cash as its factories sit idle.
The company said Friday it would end production of its Everett-built 767 freighter in 2027, after it completed current orders for 29 jets. It also delayed the rollout of another plane built in Everett, its new 777X, to 2026, following years of certification delays and the recent discovery of a defective part that grounded test flights earlier this year.
The job cuts will affect roughly 17,000 workers across all levels of the company, Boeing said Friday. It’s not clear how the cuts will impact the company’s 66,000-person Washington workforce, or the striking Machinists. In a note to employees Friday, new Boeing CEO Kelly Ortberg told workers the company had to “reset our workforce levels to align with our financial reality.”
“We need to be clear-eyed about the work we face and realistic about the time it will take to achieve key milestones on the path to recovery,” Ortberg continued.
“We also need to focus our resources on performing and innovating in the areas that are core to who we are, rather than spreading ourselves across too many efforts that can often result in underperformance and underinvestment,” he said.
After a year of slow production following a panel blowout in January, Boeing was already in a weakened financial position when more than 33,000 machinists walked off the job Sept. 13.
It’s really too bad that there aren’t much in the way of American competitors to much of Boeing’s business. Because these corporate leaders are very bad at their jobs.