Boeing on Saturday announced that it expects to have layoffs in its Space Launch System moon rocket program. The company cautioned that it might have to cut off 400 jobs in the program in line with revisions to NASA’s Artemis program and cost expectations.
The aerospace manufacturer said that it would issue 60-day notices of involuntary layoffs in the coming weeks to employees impacted by the decision, reported Business Standard. Citing an email from a company spokesperson, the report said, “We are working with our customer and seeking opportunities to redeploy employees across our company to minimize job losses.”
The Artemis program is estimated to cost $93 billion through 2025 and was established by the US space agency during the first tenure of President Donald Trump.
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Notably, in its financial earnings for the fourth quarter released last month, Boeing reported a loss of $3.8 billion. The company said that machinists strike and other issues continued to be an issue for the troubled aircraft manufacturer.
Earlier in December 2024, the firm also laid off close to 400 workers in Washington. The layoffs came as part of the manufacturer’s broader plan to cut down its workforce and address financial challenges. In October, the aircraft manufacturer said that it expects wide job cuts to impact an overall of 17,000 jobs, impacting around 10 per cent of the firm’s global workforce, either via layoffs or by not filling vacancies. CEO Kelly Ortberg said that the layoffs were being planned ‘to align with our financial reality’. In the first nine months of 2024, the manufacturer recorded almost $8 billion in losses.
Boeing’s engineering union informed last month that it is investigating claims from its members that the firm is moving work to non-union locations in the United States and overseas. The Society of Professional Engineering Employees in Aerospace (SPEEA)’s Director of Strategic Development, Rich Plunkett, said that the formal investigation in the allegations began in Decmeber when it requested relevant information from Boeing.
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