Boeing is trimming its wingspan – the aviation giant just announced it'll cut 10% of its global workforce following weeks of strikes and financial turbulence. 💼
Workers' walkouts have squeezed the company's profits, forcing tough decisions in an industry still recovering from pandemic-era travel slumps. While Boeing hasn't specified which regions or departments will be hit hardest, insiders say the cuts aim to 'streamline operations' ahead of Q4.
🔍 Why it matters: As one of the world's top plane manufacturers, Boeing's moves ripple across airlines, supply chains, and even your future flight prices. This comes as airlines globally scramble to meet post-COVID travel demands while navigating eco-pressure and labor disputes.
Poppie Mphuthing reports that union leaders are negotiating severance packages, but tensions remain high. Will this grounding maneuver stabilize Boeing's flight path? 🛫 Stay tuned.
