Boeing deepens its crisis and announces 17,000 layoffs

14-10-24

Boeing, one of the giants of the aerospace industry, is going through one of the deepest crises in its history. The company has announced that it will lay off 17,000 employees, a drastic measure to address the serious financial problems the company has experienced in recent years. This decision, which affects both U.S. and international operations, underscores the seriousness of the situation facing the aircraft manufacturer.

Boeing's crisis can be traced back to several factors, one of the main ones being the global suspension of its 737 MAX aircraft, which were out of service for almost two years after two tragic accidents in which more than 300 people died. This situation generated a significant loss of confidence on the part of airlines and passengers, resulting in massive order cancellations and a slowdown in production.

This was compounded by the COVID-19 pandemic, which hit the airline industry as a whole hard. Restrictions on air travel, declining demand for commercial flights and stagnating production at Boeing's factories generated a financial contraction that has had a devastating impact on the company's revenues.