WPBN: According to a letter under the Worker Adjustment and Retraining Notification Act, Boeing will begin laying off over 100 workers in Florida in January.
Sites include the Kennedy Space Center, where Boeing is a major player in the aerospace sector, and Titusville. The business spent more than $1 billion with Florida-based suppliers in 2023, demonstrating its economic clout in the state.
The Orlando Business Journal received a statement from Boeing stating that the layoffs were necessary to “align workforce levels with financial realities and a more focused set of priorities.”
Boeing announced layoffs in October for about 17,000 workers who were anticipated to depart the company by the middle of January, according to Boeing. Following a labor union strike, 10% of the personnel was laid off.
“We are adjusting our workforce levels to align with our financial reality and a more focused set of priorities,” Boeing stated in October.
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CEO Kelly Ortberg stated in a statement on October 23 that the business is “at a crossroads.”
He claimed that the corporation has too much debt and that public trust in it has declined. Nevertheless, he saw a lot of potential, including “a customer base that want[s] us and need[s] us to succeed” and a backlog of around half a trillion dollars.
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“So, my mission here is pretty straightforward. Turn this big ship in the right direction and restore Boeing to the leadership position that we all know and want,” Ortberg stated.
In recent years, Boeing, which employs 2,348 people in Florida and more than 170,000 people worldwide, has experienced financial difficulties. The company’s sales for the first nine months of fiscal 2024 was $51.28 billion, down from $55.78 billion in the same time in 2023.
