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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 to cut approximately 17,000 jobs over the coming months
Boeing will reduce the size of its total workforce by 10% over the coming months, CEO Kelly Ortberg said in a letter to employees on Friday.
Boeing layoff plan suggests deep white-collar job cuts
The Boeing layoffs announced last week will all be involuntary. And Machinists union members will, for now, not be laid off, implying heavy cuts among white-collar staff.
1h
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 ...
Washington Examiner
5h
Boeing enters $10 billion credit agreement as striking workers bleed company
Another $400 million pretax charge will come as the company shutters its 767 production. CEO
Kelly
Ortberg
announced he ...
2d
Kelly Ortberg
Boeing CEO Kelly Ortberg wrote in a memo that the aerospace giant is cutting 10% of its 170,000 workforce. Police in western ...
Journal Record
7h
Boeing will lay off 10% of employees
Boeing plans to lay off about 10% of its workers in the coming months, about 17,000 people, as it continues to lose money and ...
1h
Boeing strike: What aircraft are affected?
Several types of Boeing aircraft’s production has been affected as over 30,000 unionized workers in the Pacific Northwest ...
Business Times
1d
Boeing’s endless doom loop gives no respite to new CEO Ortberg
AS BOEING lurches from one crisis to the next, there’s been one constant for the embattled planemaker: Its predicament ...
1d
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 ...
keprtv
19h
Boeing workers face uncertainty amid looming layoffs
Thousands of Boeing workers are beginning the workweek with uncertainty about their job security after the company announced ...
1d
Boeing to cut 17,000 jobs, delay first 777X jet as strike hits finances
Oct 11 (Reuters) - Boeing will cut 17,000 jobs -- 10% of its global workforce -- delay first deliveries of its 777X jet by a ...
2h
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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