Boeing Layoff: Cutting 10% of Workforce
In a significant move, Boeing has announced plans to lay off approximately 10% of its workforce, affecting around 17,000 employees globally. This decision comes as the company grapples with financial losses exceeding $25 billion since 2019 and ongoing production challenges, particularly due to a strike impacting its key aircraft lines.
The implications of these Boeing layoffs in Canada could be profound. Many Canadian workers are employed by suppliers and related industries that depend on Boeing's operations. As job cuts ripple through the aerospace sector, we may see an increase in unemployment and a contraction in opportunities, particularly in manufacturing and engineering roles.
Our employment lawyers advise affected workers to familiarize themselves with their rights regarding severance, layoffs, and potential unemployment benefits. Understanding these rights is crucial in navigating the uncertainty following such significant job losses.
Have you been laid off by Boeing in Canada? Contact us today. Our legal team offers a free consultation and works on a contingency basis—there are no fees unless you win your case.
David Koenig’s original article, “Boeing Will Lay Off 10% of its Employees as a Strike by Factory Workers Cripples Airplane Production” was published in The Canadian Press News on Oct 11, 2024. Read the Full Canadian Press Newsstory.