This decision comes at a time when Boeing is also experiencing substantial workforce challenges. The American aerospace competitor has announced plans to reduce its workforce by 17,000 as part of a broader restructuring plan, driven by financial losses and an ongoing strike by 33,000 workers from the International Association of Machinists and Aerospace Workers (IAM). Boeing's striking employees are demanding a 40 per cent wage rise over the next four years. Although acting US Labour Secretary Julie Su is mediating the dispute, Boeing is preparing for significant layoffs starting in November, with many in the commercial aviation sector set to receive 60-day layoff notices.