Boeing Announces Layoffs of Over 400 Union Workers

The aerospace giant cites overstaffing and financial challenges as reasons for workforce reductions.

Boeing has issued layoff notices to 438 members of the Society of Professional Engineering Employees in Aerospace (SPEEA) union.
The layoffs are part of a broader plan to cut 10% of Boeing's workforce, totaling approximately 17,000 jobs.
Affected workers will remain on the payroll until mid-January and will receive career transition services, severance pay, and subsidized health care benefits.
Boeing's financial difficulties began after a fuselage incident in January, leading to production limitations and regulatory challenges.
The company recently concluded a seven-week strike with its machinists' union, which resulted in a new contract featuring significant pay increases.