³ÉÈËXÕ¾

MYNORTHWEST NEWS

Boeing issues layoff notices to hundreds of SPEEA Members amid broader workforce reductions

Nov 15, 2024, 8:48 AM | Updated: 9:31 am

boeing layoffs...

Boeing production floor. (Photo: Bill Kaczaraba, MyNorthwest)

(Photo: Bill Kaczaraba, MyNorthwest)

Boeing has issued layoff notices to 438 members of the Society of Professional Engineering Employees in Aerospace (SPEEA) this week as part of a broader effort to reduce its global workforce by 10%, according to ³ÉÈËXÕ¾ Newsradio.

The layoffs, which affect 218 members of the professional unit and 220 members of the technical workers unit, are part of a company-wide reduction that will see approximately 17,000 jobs cut across Boeing’s commercial, defense and global services divisions.

The job cuts were first announced in October, with Boeing beginning to notify affected employees on Wednesday. Those who received layoff notices this week will remain on the payroll through mid-January. Eligible employees will receive career transition services and subsidized health care benefits for up to three months. Additionally, severance pay will be provided, typically amounting to one week of pay for every year of service, .

More Boeing News: Furloughed employees to get paychecks back

The layoffs come as Boeing continues to navigate financial challenges and a recent labor union strike that halted production of several key aircraft models. that the company has been working to align its workforce levels with its financial reality and a more focused set of priorities, according to a statement from Boeing.

SPEEA, which represents 17,000 Boeing employees primarily based in Washington, with some members in Oregon, California and Utah, has arranged joint meetings next week with representatives from the Washington Department of Employment Security. These meetings aim to help the laid-off members understand their rights under union contracts and navigate the process of applying for unemployment benefits.

The impact of the layoffs on Boeing’s 66,000-person workforce in Washington remains unclear. However, , the company is considering a second round of job cuts if necessary, with those workers potentially being notified in December and remaining on payroll through mid-February.

Boeing’s decision to reduce its workforce by 10% is part of a broader strategy to address ongoing financial struggles and production challenges. The company has faced a series of crises this year, including a door panel incident on a 737 MAX jet, regulatory investigations into its safety culture and a significant labor strike that began in September and ended in early November.

Economist: Boeing contract will have big impact on housing in Western Washington

The strike, which involved more than 33,000 U.S. West Coast workers, significantly impacted Boeing’s production capabilities, particularly for its 737 MAX, 777 and 767 models. The end of the strike has allowed Boeing to slowly resume production, but the looming layoffs and cuts to spending and travel have weighed heavily on employee morale.

who took over in August, has emphasized the need for structural changes to ensure the company remains competitive and can deliver for its customers over the long term.ÌýThe company has also announced the end of production for its 767 aircraft in 2027 and delayed the rollout of its new 777X model to 2026 due to the discovery of a defective part.

As Boeing continues to navigate these challenges, the company remains committed to supporting its employees during this difficult time, providing resources and assistance to those affected by the layoffs.

Bill Kaczaraba is a content editor at MyNorthwest. You can read his stories here. Follow Bill on X, formerly known as Twitter, and email him here.Ìý

MyNorthwest News

Seattle police are investigating a shooting on lower Queen Anne near Bhy Kracke Park. (Photo courte...

Tom Brock

Police investigate shooting in lower Queen Anne neighborhood

Seattle police detectives are trying to figure out why a man was shot several times in the leg near a Queen Anne park early Saturday morning.

6 hours ago

Gold futures all time high tariffs...

Jason Sutich

Gold futures surge above $3,500 to all-time high amid U.S. tariff concerns

Gold futures hit an all-time high of $3,534 on Thursday after reports of the White House's plans to issue an executive order imposing tariffs on gold.

14 hours ago

male birth control...

Gee Scott and Ursula Reutin Show

Male birth control pill deemed safe, but Gee says men wouldn’t take it

A male birth control pill has been deemed safe for human use but ³ÉÈËXÕ¾ hosts debate if men will take it.

14 hours ago

tacoma hospital shooting...

MyNorthwest Staff and ³ÉÈËXÕ¾ 7 News Staff

Suspect in Tacoma hospital shooting arrested

Authorities have arrested a man in connection with Wednesday night’s deadly hospital shooting in Tacoma, police said.

17 hours ago

dog disease...

Julia Dallas

By the water this weekend? Beware of potentially deadly dog disease

Owners should be aware of a deadly dog disease, called salmon poisoning disease, which is most commonly found in the Pacific Northwest.

1 day ago

Ichiro...

Aaron Granillo

Seattle skyline to light up in Ichiro’s honor

The Seattle skyline is posed to set up in Ichiro's honor as the Mariners prepare to retire his jersey.

1 day ago

Boeing issues layoff notices to hundreds of SPEEA Members amid broader workforce reductions