Boeing to Lay Off Nearly 700 Workers in Missouri as Part of Global Job Cuts

The aerospace giant plans to eliminate 10% of its global workforce, citing financial struggles and reduced demand for defense and commercial projects.

• Boeing has issued layoff notices to 692 workers in Missouri, primarily affecting its Defense, Space & Security division in the St. Louis area.
• The layoffs are part of a broader plan to cut 17,000 jobs, or 10% of Boeing’s global workforce, as the company grapples with significant financial losses and reduced demand.
• Impacted Missouri locations include Berkeley, Hazelwood, St. Charles, and St. Louis, with roles ranging from mechanics to engineers and supply chain analysts.
• Boeing reported a $6 billion loss in its third quarter, delayed production on key aircraft models, and faced setbacks in defense contracts and commercial orders.
• The company has committed to providing severance pay, job placement assistance, and subsidized healthcare benefits for affected employees, though further layoffs may still occur.

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