Boeing, a U.S. planemaker, is laying off 396 employees at various locations in Washington, according to a notice from the state’s Employment Security Department on Monday.
This announcement is part of broader cuts that were initially disclosed in October, with an expected impact on a total of 17,000 Boeing jobs, which accounts for around 10 percent of the company’s global workforce. These cuts will be implemented through layoffs or by not filling vacant positions.
Boeing’s main focus is on resuming production of its popular 737 MAX aircraft after a prolonged strike by over 33,000 U.S. West Coast workers disrupted the output of most of its commercial jets.
In response to inquiries, Boeing referred to previous statements indicating that the company is adjusting its workforce to align with its financial situation and a more defined set of priorities.
In November, Boeing concluded a $24.3 billion equity offering as part of its efforts to bolster its financial position and maintain its investment-grade credit rating.
Another notice in November mentioned that the company would be laying off more than 2,500 employees in Washington, Oregon, South Carolina, and Missouri. Washington state, where Boeing has its largest workforce of over 60,000 individuals and where most of its commercial jets are produced,
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