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"Boeing has announced plans to cut 10% of its workforce, about 17,000 jobs, in the coming months. The company has delivered layoff notices to over 400 members of its professional aerospace labor union, the Society of Professional Engineering Employees in Aerospace (SPEEA). The affected workers will remain on the payroll through mid-January and will receive career transition services, subsidized health care benefits, and severance. The layoffs are part of Boeing's efforts to recover from financial and regulatory trouble, including a recent strike by its Machinists union."
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