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First 777-9X delivery delayed and 17,000 jobs to go; Boeing acknowledges it is “in a difficult position”
October 14th 2024
Boeing has pushed back first delivery of its 777-9X to 2026. Read More » Certification of the aircraft will take longer than forecast as a result of a weeks-long International Association of Machinists and Aerospace Workers (IAM) strike in Seattle, Boeing said. In a regulatory filing, the OEM also revealed first delivery of its 777-8X freighter will be in 2028. Due to the delays, Boeing will book a pre-tax charge of US$2.6 billion in its third quarter financial accounts. “This schedule and resulting financial impact is an updated assessment of the certification timelines to address delays in flight testing of the 777-9 and anticipated delays associated with the IAM work stoppage,” Boeing said. The company will cease production of the freighter variant of its 767 program in December next year and focus instead on the 767-2C in support of the KC-46A Tanker program
About 17,000 staff, 10% of Boeing’s workforce, will be made redundant in the months ahead with job cuts “across the board”, Boeing has announced. It was a decision necessary to “align with our financial reality and to have a more focused set of priorities”, Boeing CEO, Kelly Ortberg, said. “Our business is in a difficult position. It is hard to overstate the challenges we face together,” Ortberg said in a message to staff released by Boeing. “We know these decisions will cause difficulty for you, your families and our team. I sincerely wish we could avoid taking them. However, the state of our business and our future recovery require tough actions.”
