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Embattled aviation giant Boeing issued layoff notices to over 400 workers as the company grapples to recover from a seven-week machinist strike, AP reports. The firm issued pink slips to members of the Society of Professional Engineering Employees in Aerospace Union (SPEEA) last week, with workers remaining on the payroll until mid-January. Boeing plans to axe nearly 10% of its workforce and will delay its delivery of the 777X jet.
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Background: Boeing workers accepted a new contract offer this month, bringing an end to a seven-week strike that halted most jet production and worsened the company’s already existing supply chain issues and delivery delays.
Taiwan is looking to boost collaboration with the EU in the semiconductor and AI sectors, calling for the formation of a bilateral economic partnership agreement, Reuters reports, citing comments by Taiwan’s President Lai Ching-te said at the annual Taiwan-EU Investment forum in Taipei. A partnership agreement between the two countries would “make both [their] economies more resilient and secure,” as well as ensure “the stable operation of global supply chains,” Ching-te stressed.
