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Boeing Plans 17,000 Job Cuts
Boeing Plans 17,000 Job Cuts as CEO Ortberg Shakes Up Plane Maker
KEY TAKEAWAYS Boeing shares fell Monday after the troubled plane maker announced a slew of cost-cutting measures and billions of dollars of upcoming charges.The measures are among the most radical taken by CEO Kelly Ortberg,
Boeing cutting 17,000 jobs from global workforce
American multinational plane maker Boeing is letting go of about 17,000 workers – 10% of its global workforce – amid a strike by about 33,000 U.S. West Coast workers, according to a report. The move is necessary "to align with our financial reality,” said CEO Kelly Ortberg in a message to employees.
Boeing is raising $10 billion as it deals with striking workers and thousands of job cuts
Boeing announced it has entered a credit agreement with four banks to raise $10 billion as a mass strike enters its fifth week.
2d
on MSN
Boeing CEO Kelly Ortberg needs to change the company culture, says Yale's Gautam Mukunda
Gautam Mukunda, professor of management at the Yale School of Management, joins 'Squawk Box' to discuss the state of the ...
3h
Can Boeing Keep Its Balance Amidst The Shifting Winds?
In the last week, Boeing has taken two significant efforts to address its ongoing financial crisis amidst an ongoing strike ...
2h
See inside a test Boeing 777X, which has been further delayed to 2026 and annoyed its top customer
Boeing announced the 777X would be further delayed to 2026, prompting the jet's top customer Emirates to criticize the ...
1d
on MSN
Boeing enters $10 billion credit agreement as striking workers bleed company
Boeing entered the agreement as it fights with striking workers costing the company roughly $1 billion a month.
AeroTime
3d
Boeing to cut 10% jobs, postpone delivery of 777X jet due to financial loss
Boeing will cut its workforce by roughly 10% and postpone first deliveries of its 777X jet due to record financial losses, ...
4d
Kelly Ortberg
Boeing CEO Kelly Ortberg wrote in a memo that the aerospace giant is cutting 10% of its 170,000 workforce. The Oakland County ...
14h
on MSN
Washington lawmakers press Boeing, union to resolve monthlong strike
Four Democratic lawmakers from the state of Washington this week urged Boeing and the union representing striking machinists ...
1d
Boeing 777X delayed again, and airlines are not pleased
"On the 777X program, the challenges we have faced in development, as well as from the flight test pause and ongoing work ...
3d
on MSN
Boeing says it's cutting 10% of its workforce, or about 17,000 employees
Boeing on Friday said it's cutting 10% of its workforce, or about 17,000 employees.
3d
on MSN
Boeing will lay off 10% of its employees as a strike by factory workers cripples airplane production
Boeing plans to lay off about 10% of its workers in the coming months as it continues to lose money and tries to deal with a ...
1d
on MSN
Boeing’s crisis is getting worse. Now it’s borrowing tens of billions of dollars
Cash-starved Boeing, contending with massive financial losses from a crippling strike and years of operational and safety ...
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