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Boeing announces layoffs notice to more than 100 employees throughout Florida beginning in January 2025, according to the Worker Adjustment and Retraining Act letter.
Locations include Titusville and Kennedy Space Centerwhere Boeing plays a key role in the aerospace industry. In 2023, the company spent more than $1 billion with suppliers in Florida, highlighting its economic impact in the region.
Boeing released a statement to the Orlando Business Journal in which it attributed the layoffs to the need to “align workforce levels with financial realities and a more focused set of priorities.”
In October, Boeing released the cut about 17,000 employees who are expected to leave the company in mid-January, Boeing said. The layoffs that followed the union strike equated to 10% of the workforce.
BOEING issues layoffs as aerospace giant cuts 17,000 JOBS
The logo is seen on the Boeing stand on the opening day of the 2024 Farnborough International Airshow, southwest of London, on July 22, 2024. (Justin Tallis/AFP via Getty Images/Getty Images)
“We are adjusting our workforce levels to reflect our financial reality and a more focused set of priorities,” Boeing told FOX Business in October.
In an Oct. 23 statement, CEO Kelly Ortberg said the company is “at a crossroads.”
He said the company’s credibility has been undermined and it is burdened with too much debt. Still, he saw big opportunities ahead, including a roughly half-trillion-dollar backlog and “a customer base that wants us and needs us to succeed.”
BOEING STRIKE ENDED AFTER UNION ACCEPTS CONTRACT OFFER AND ANNOUNCED RETURN TO WORK
Kelly Ortberg, chief executive officer of Boeing Co. (Daniel Acker/Bloomberg via Getty Images/Getty Images)
“So my mission here is pretty simple. To turn this great ship in the right direction and return Boeing to the leadership position we all know and want,” said Ortberg.
Experts in the field are worried about what this could mean.
A SpaceX Falcon 9 rocket lifts off from Pad 39A at the Kennedy Space Center in Florida on the morning of Sunday, August 29, 2021. (Craig Bailey/USA TODAY NETWORK via Reuters Connect / Reuters Photos)
“I’m very concerned about the people and the program,” local space expert and founder of the online publication Space Upclose, Ken Kramer told Fox 35.
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Boeing, which has more than 170,000 employees worldwide and 2348 in Florida, has faced financial pressure in recent years. The company posted revenue of $51.28 billion for the first nine months of fiscal 2024, down from $55.78 billion for the same period in 2023.
Sarah Rumpf-Whitten of FOX Business contributed to this report.
