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Boeing issues layoff notices
Boeing delivers layoff notices to 17,000 workers amid financial struggles
Boeing started issuing layoff notices Wednesday to 17,000 employees to cut 10% of its workforce in an effort to shore up the aerospace giant's shaky finances.
Boeing starts issuing layoff notices as planemaker trims 10% of workforce
Boeing said on Wednesday it is issuing layoff notices starting this week to workers impacted by a broader plan by the heavily indebted planemaker to cut 17,000 jobs, or 10% of its global workforce. U.
Boeing issues layoff notices as aerospace giant cuts 17,000 jobs
Boeing announced it will lay off 10% of its workforce in the coming months and cut its production amid an ongoing labor union strikes.
Spirit Aero to receive up to $350 million in funding
Spirit Aero to receive up to $350 million in funding from Boeing
By David Shepardson and Allison Lampert (Reuters) -Spirit AeroSystems said Tuesday that planemaker Boeing will pay up to $350 million in advance payments to the firm, providing the struggling supplier a lifeline as it continues to burn cash after four consecutive years of losses.
Spirit to Receive up to $350 Million in Advance Payments From Boeing
Spirit AeroSystems said on Tuesday that Boeing will pay a total of up to $350 million in advance payments to the firm, providing the struggling supplier a lifeline as it continues to burn cash after four consecutive years of losses.
Boeing to Pay Spirit AeroSystems Up to $350 Million in Advance
Boeing has agreed to pay Spirit AeroSystems up to $350 million in advance to keep producing products for it as the fuselage supplier works through a liquidity crunch. The jet maker said Tuesday that the advance payments are intended to help Spirit address high levels of inventory and lower operational cash flows.
19h
on MSN
Boeing begins a new chapter, resuming 737 Max production and giving $350 million to a troubled supplier
CEO Kelly Ortberg has a four-point plan to improve Boeing. Ending the strike is a start, but analysts say it will take time ...
6h
Pink slips arrive for laid-off Boeing workers as company begins 10% cut
Boeing began notifying workers who will be laid off on Wednesday, part of a 10% reduction in its workforce over the coming ...
1d
on MSN
Boeing got the easy part done. Now comes the tougher, existential problems
Boeing’s most immediate problem – an eight-week strike by 33,000 workers – is over. But its more serious problems – ongoing ...
Supply Chain
2h
Boeing Strike Cutting Into 2025 Deliveries for Southwest Airlines
Southwest’s order book with Boeing had originally called for 86 aircraft deliveries in 2025, but the airline has since ...
1d
Boeing strike sinks October deliveries to 14 jets
Boeing said on Tuesday it delivered 14 commercial jets in October, less than half of the 34 jets it handed over to customers ...
Post and Courier
14h
Boeing SC workers are bracing for layoff news this week
Boeing
Co. is notifying workers this week whether they'll lose their jobs under a broad-based cost-cutting plan that one of ...
1d
on MSN
Boeing secured its first order after a 7-week strike — 80 737 Max jets
Boeing received its first order after reaching a deal with striking machinists, but it still faces a difficult road ahead.
9h
on MSN
Boeing Faces Risk as It Starts Job Cuts in Tight Labor Market
Boeing Co. will start sending out pink slips on Wednesday to employees affected by a planned round of job cuts, a delicate ...
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