October 14, 2024 – 7:37 AM PDT
(Reuters) – Boeing (BA.N) faces a crucial test with employees, customers and investors after announcing 10% job cuts and $5 billion in charges as a crippling machinists strike enters a fifth week.
Advertisement
The planemaker plans a series of internal meetings this week to lay out the jobs plan, which could lean at least partially on involuntary cuts whose costs and impact on the retention of coveted skills are easier to manage, industry sources said.
Boeing declined to comment. Its shares fell 1.7% in pre-market trading.
In a surprise late Friday move, Boeing announced 17,000 job cuts and…
