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Boeing begins issuing layoff notices amid ongoing financial struggles

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Boeing begins issuing layoff notices amid ongoing financial struggles
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Airbus A380 | Airbus

Boeing employees began receiving layoff notices this week, following the company's announcement last month of a workforce reduction aimed at cost-cutting. The decision has left many workers feeling blindsided.

According to KING 5 News, the timeline for these layoffs is as follows: notices were distributed from November 13th to 15th; on November 18th, employees will receive layoff documents and access to career transition services; a virtual layoff meeting is scheduled for November 20th; documents must be completed by January 2nd; and laid-off employees will officially leave the company on January 17th.

An anonymous employee expressed disappointment over the situation, stating, "I was pretty much just told my last day will be November 27th. I think it said I had until December 2nd to bring back my hardware and all of that stuff. I was thinking we’d be kept on through the holidays. You know, in the back of my mind, I’m like, 'Crap, it could be me,' but I didn’t legitimately think it would be."

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This employee has worked at Boeing's Everett Factory fulfillment for five years and has experienced layoffs before. He shared his frustration: “This is my second time being laid off within the last three years, so it leaves a sour taste in my mouth. So I definitely don’t want to come back here - at least anytime soon. I thought I would be a little more sad but I’m honestly more frustrated and kind of mad with the company.”

Boeing has not clarified which positions or plants are affected by these layoffs.

The company has been facing financial challenges due in part to a seven-week machinist union strike that forced job cuts regardless of its resolution. Executives and nonunion workers were furloughed during this period as well. Boeing's struggles have been compounded by issues with its Boeing 737 Max model, which led to two fatal crashes causing over 300 deaths, along with delays in its Boeing 777X program.

The Federal Aviation Administration (FAA) has restricted Boeing's production capabilities to ensure quality standards are met after several safety lapses. These measures have impacted Boeing financially but aim to restore consumer confidence in their products.

New CEO Kelly Ortberg is leading efforts to address these issues amid ongoing competition with Airbus.

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