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Boeing delivers layoff notices to 17,000 workers
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 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 the Charleston region's largest employers announced while in the grips of a financially crippling strike. The fallen aerospace giant ...
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.
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.
2h
on MSN
A major Middle Eastern airline is planning a $1 billion plane revamp after Boeing's new jet was delayed again
Etihad's CEO told two outlets it plans to start by upgrading its Boeing jets. He previously said the 777X no longer features ...
3h
Boeing's Big News Is Bigger News for These 3 Companies
Boeing's Big News Is Bigger News for These 3 Companies was originally published by The Motley Fool Here's a look at the ...
Reuters
20h
Boeing starts issuing layoff notices starting this week
WASHINGTON, Nov 13 (Reuters) -
Boeing
said on Wednesday it is issuing layoff notices starting this week to workers impacted ...
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 ...
1d
Employees across Boeing face sweeping layoffs this week
Boeing plans to cut 10% of its workforce. Employees learn their fate Wednesday. Non-frontline workers are targeted, though ...
1d
on MSN
Boeing says it will take several weeks to resume production of planes after the strike
Boeing says it will be several weeks before it fully resumes building passenger planes, as factory workers return following a ...
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 ...
2d
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.
1d
What Can Be Learned From Boeing’s Downfall?
Once the soaring leader in the aerospace sector with a stock price of around $430 per share and a market capitalization of almost $240 billion.
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