Boeing Co (NYSE:BA, ETR:BCO) has notified 438 members of its professional aerospace labour union of impending layoffs, part of broader plans to cut about 17,000 jobs, or 10% of its workforce.
The cuts come as the company addresses financial challenges, regulatory restrictions, and the fallout from an eight-week machinists’ strike.
The Society of Professional Engineering Employees in Aerospace (SPEEA), representing 17,000 Boeing employees across Washington, Oregon, California, and Utah, reported that affected workers include 218 engineers and scientists, with the remainder being analysts, technicians, and skilled tradespeople.
These employees will remain on the payroll until mid-January and will receive severance pay, career transition services, and subsidized healthcare for up to three months.