18.11.2024 12:40
Boeing has sent layoff notices to over 400 members of the professional aviation and aerospace workers' union. These notices are part of planned thousands of cuts as the company tries to navigate financial and regulatory issues, as well as recover from the machinists' union's eight-week strike.
The world's leading aviation giant has been experiencing economic difficulties for some time. In search of solutions to overcome the economic crisis, the company found the answer in layoffs.
According to a report by The Seattle Times, the layoffs were made last week to members of the Society of Professional Engineering Employees in Aerospace (SPEEA). Workers will remain on the payroll until mid-January.
Boeing announced in October that it plans to lay off 10% of its workforce, or approximately 17,000 people, in the coming months. CEO Kelly Ortberg told employees that the company needs to "reset workforce levels to align with our financial reality."
COMPENSATIONS WILL BE PAID
The Society of Professional Engineering Employees in Aerospace, or SPEEA, announced that the cuts affected 438 of its members. The union's local chapter has a majority of Boeing employees in Washington, with 17,000 workers also located in Oregon, California, and Utah.
Eligible employees will receive career transition services and subsidized health benefits for up to three months. Workers will also receive severance pay, typically about one week's salary for each year of service.