Boeing jetsam: Aerospace giant to issue thousands of layoff notices next month

Boeing is set to lay off thousands of workers, including those in its commercial aviation division, with notices being issued in the coming weeks. This comes after the company announced plans to cut jobs and take charges, amidst a strike by 33,000 workers seeking higher wages. The company will rely on involuntary layoffs, rather than voluntary departures, to avoid losing key skilled workers. The aerospace industry is facing challenges in retaining employees and meeting production demands. The IAM union has criticized Boeing’s job-cut plan as corporate greed.