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Boeing continues layoffs According to the Worker Adjustment and Retraining Notification Act letter, notices to more than 100 workers across Florida since Jan.
Locations include Titusville and Kennedy Space CenterWhere Boeing plays an important role in the aerospace industry. In 2023, the company spent more than $1 billion with suppliers in Florida, underscoring its economic impact in the region.
Boeing issued a statement to Orlando Business Journal attributing the layoffs to the need to “align workforce levels with financial realities and a more focused set of priorities.”
In October, Boeing issued cuts approximately 17,000 employees He was expected to leave the company in mid-January, Boeing said. The cuts, which followed a labor union strike, are equivalent to 10% of its workforce.
Boeing issues layoff notice, aerospace giant cuts 17,000 jobs
A logo is seen on the Boeing stand on the opening day of the Farnborough International Airshow 2024, southwest of London, on July 22. (Justin Tallis/AFP via Getty Images/Getty Images)
“We are adjusting our workforce levels to align with our financial reality and a more focused set of priorities,” Boeing told Fox Business in October.
In an October 23 statement, CEO Kelly Ortberg said the company “is at a crossroads.”
He said that trust in the company has been lost and it is deeply in debt. Still, he anticipated huge opportunities ahead, including a backlog of nearly half a trillion dollars and “a customer base that wants us and wants us to succeed.”
Boeing strike ends after labor union accepts contract offer and announces return to work
Boeing CEO Kelly Ortberg. (Daniel Acker/Bloomberg via Getty Images/Getty Images)
“So, my mission here is very simple. Turn this big ship in the right direction and restore Boeing to the leadership position we all know and want,” Ortberg said.
Experts in the field are worried about what this could mean.
A SpaceX Falcon 9 rocket takes off from Pad 39A at Kennedy Space Center in Florida on August 29, 2021. (Craig Bailey/USA TODAY Network via Reuters Connect/Reuters Photos)
“I’m very concerned for the people and the program,” said Ken Kramer, local space expert and founder of the online publication Space UpClose. told Fox 35,
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Boeing, which has more than 170,000 employees worldwide 2,348 in Florida, Has faced financial pressure in recent years. For the first nine months of fiscal 2024, the company reported revenue of $51.28 billion, down from $55.78 billion during the same period in 2023.
Fox Business’ Sarah Rumpf-Whitten contributed to this report.
