Boeing's Big Job Cut: Who's to Blame?

Boeing made a big move recently, letting go of around 10% of its workers. That's about 17,000 people finding themselves without a job. The company pointed the finger at its machinists, who are currently on strike. CEO Kelly Ortberg explained in a memo that these cuts are necessary to keep the company competitive in the long run. Before this, Boeing had a tough talk with the machinists' union. They even filed a complaint, claiming the union wasn't bargaining fairly. The union, however, saw things differently. They felt Boeing's offer wasn't fair and showed disrespect to the workers. The strike has been costing the company a lot, with estimates reaching $50 million a day. The union isn't giving up easily. They're hoping Boeing will come back to the negotiating table. Meanwhile, Boeing has furloughed many staff and cut health benefits for the striking workers. The union is in it for the long haul.