Boeing Starts Issuing Layoff Notices as Planemaker Trims 10% of Workforce
The notices come as Boeing under new CEO Kelly Ortberg is trying to revive production of its strongest-selling 737 MAX, after a crippling weeks-long strike by more than 33,000 U.S. West Coast workers halted output of most of its commercial jets.
Boeing begins issuing layoff notices to workers starting this week, Reuters says
Boeing (BA) has started issuing layoff notices this week to workers impacted by its plan to cut 17,000 jobs, or 10% of its global workforce,
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 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.
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 balancing act between improving efficiency and keeping together a skilled workforce to help lift output again.
Boeing announces thousands of layoff notices in Nov. 2024
During the week of Nov. 4-10, restaurants in Escambia and Santa Rosa counties received a visit from the DBPR, with one temporarily closed down. Retirement planning feels like solving a puzzle with half the pieces hidden.
China's renaming of its regional jet is another clear sign its homegrown planemaker is coming for Boeing and Airbus
The ARJ21 is now to be known as the C909. The renaming plays into COMAC's ambition to enter the global market.
Spirit Aero gets planemaker help to prop up weak finances
By David Shepardson, Allison Lampert and Tim Hepher (Reuters) -Spirit AeroSystems said on Tuesday it would receive up to $350 ...
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Now that Boeing’s strike is over, the planemaker faces a massive backlog of orders
Despite Boeing's strike ending, the company has had a tough year. But its backlog struggles can be traced back to the ...
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 ...
Brazilian planemaker Embraer lifts overall guidance as Q3 profit soars
SAO PAULO, Nov 8 (Reuters) - Brazilian planemaker Embraer (EMBR3.SA), opens new tab raised its projected adjusted earnings ...
Electric Planemaker Beta Technologies Raises Over $300 Million in New Funding
Electric aerospace company Beta Technologies said on Thursday it had raised more than $300 million in equity capital to support the continued production of its all-electric fixed-wing and eVTOL ...
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Boeing secured its first order after a 7-week strike — 80 737 Max jets
This is its first direct order from a planemaker. The news is a boon for Boeing as it works to turn things around amid an especially testing year that has seen its stock fall 40%. "ACMI providers ...
Chinese planemaker COMAC opens Singapore office
Chinese planemaker COMAC has opened an office in Singapore, China's embassy in the southeast Asian city state said, as the ...
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Hainan Airlines to Buy 40 China Comac Jets at Up to $1.5 Billion
Hainan Airlines Holding Co. plans to purchase 40 aircraft from planemaker Commercial Aircraft Corp. of China for as much as $1.52 billion combined to beef up its fleet and expand its business. Under ...