Boeing to Lay Off 400 Amid Continued Problems

The turbulence continues at Boeing as the company has issued layoff notices to over 400 members of its professional aerospace labor union.

Transcript

00:00Turbulence continues at Boeing as the company has issued layoff notices to over 400 members

00:06of its professional aerospace labor union, part of broader cuts aimed at addressing financial

00:12and regulatory challenges. Layoffs come on the heels of an eight-week machinist strike

00:17that cost the company billions of dollars. In October, Boeing announced plans to reduce

00:22its workforce by 10 percent or about 17,000 jobs, with CEO Kelly Ortberg emphasizing the need to

00:29align staffing with financial realities. However, those impacted by the layoffs are

00:35said to remain on the payroll until mid-January.