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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 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.
Hundreds of Boeing workers rally in Seattle
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.
Hundreds of Boeing workers rally as strike hits second month
SEATTLE >> Boeing factory workers held a large rally in Seattle today to demand a better wage deal, mounting pressure on new CEO Kelly Ortberg to end a bitter strike that has plunged the planemaker further into financial crisis.
Hundreds of Boeing workers rally in Seattle as strike enters second month
Boeing factory workers held a large rally in Seattle on Tuesday to demand a better wage deal, mounting pressure on new CEO Kelly Ortberg to end a bitter strike that has plunged the planemaker further into financial crisis.
1d
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 ...
Crain's Chicago Business
40m
Kirby sees signs Boeing is getting its act together
United CEO Scott Kirby sees the clouds eventually breaking for Boeing, which not only is a former corporate sibling of the ...
1d
on MSN
Troubled Boeing signals it may raise up to $25 billion to shore up finances
Boeing signaled Tuesday that it could raise up to $25 billion in new stock or debt to shore up its balance sheet after years ...
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 ...
11h
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.
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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