Boeing To Send 60-Day Notices In Mid November To Staff Being Made Redundant As Part Of Sweeping Job Cuts
Portfolio Pulse from Benzinga Newsdesk
Boeing plans to issue 60-day notices in mid-November to employees affected by significant job cuts, as confirmed by an engineering union spokesperson.
October 14, 2024 | 9:09 pm
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Boeing is set to issue 60-day notices to employees facing redundancy due to major job cuts. This move indicates a significant reduction in workforce, which may affect company operations and investor sentiment.
The announcement of job cuts and issuance of 60-day notices suggests Boeing is undergoing significant operational changes. This could lead to negative investor sentiment due to potential disruptions in operations and increased costs associated with layoffs.
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