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Boeing says it’s cutting 10% of its workforce, or about 17,000 employees
Boeing on Friday said it’s cutting 10% of its workforce, or about 17,000 employees.
In a in a memo Friday, CEO Kelly Ortberg announced the layoffs, writing that the aerospace giant must make “tough decisions” to stay competitive. Ortberg added that the company is also delaying its program to develop the 777X airplane and halting production of the 767 aircraft after it delivers the remaining 767 planes that have been ordered by customers.
The layoffs and production changes come amid a labor dispute at Boeing, with 33,000 machinists going on strike last month after failing to agree on a contract. The aerospace giant’s finances and reputation have also taken a hit this year due to manufacturing problems and multiple federal investigations, following a mid-air panel blowout in January.
“Our business is in a difficult position, and it is hard to overstate the challenges we face together,” said Ortberg in the memo. “Beyond navigating our current environment, restoring our company requires tough decisions and we will have to make structural changes to ensure we can stay competitive and deliver for our customers over the long term.”
Ortberg, the former head of aerospace company Rockwell Collins, joined Boeing as CEO in August, replacing outgoing CEO Dave Calhoun in the wake of increased regulatory scrutiny sparked by production problems at the storied company.
In his Friday memo, Ortberg said the layoffs will include executives, managers and employees, and take place within the “coming months.”
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Satellite photos reveal major destruction caused by Hurricane Milton
Satellite images show the extent of the damage from Hurricane Milton, which spawned tornadoes across Florida and struck the state as a Category 3 hurricane.
The fatal storm surge that forecasters feared never arrived, but photos show heavy flooding, especially in coastal areas and on the state’s barrier islands. Homes were torn to pieces and power lines were ripped down by strong winds and heavy rain.
One satellite image shows flooded streets in St. Armands Key, a barrier island near Sarasota.
On Ana Maria Island, a barrier island in Manatee County, Florida, a satellite photo shows storm debris and flooded coastal homes.
Another photo from the region shows sand blown down the main streets of the neighborhood.
At a condo building in Cortez, Florida, before-and-after photos show the extent of the damage. A photo taken in the aftermath of the storm shows a portion of the building’s roof ripped off, and debris scattered on the ground. The photo also shows flooding and other debris spread across the area.
Another before-and-after photo shows the devastation at Tropicana Field, the home stadium of the Tampa Bay Rays. Before the storm, the stadium had been used as a staging site for first responders. Heavy winds shredded the fabric roof of the building.
Photos show the massive gaps where the fabric that served as the domed building’s roof had been ripped to shreds. St. Petersburg Fire Rescue confirmed that there were no injuries in the incident. It was not immediately clear how much damage there was inside the stadium, but debris can be seen on the field.