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 is raising $10 billion from 4 major banks — and could sell another $25 billion in securities
Boeing announced it has entered a credit agreement with four banks to raise $10 billion as a mass strike enters its fifth week.
Boeing Prepares Layoff Notices for Thousands of Workers as Turmoil Deepens
Most analysts expect Boeing to raise up to $15 billion through a share issue. But the perception of major airlines to Boeing's financial risk remains a sensitive topic as many hav
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.
Boeing to issue layoff notices to thousands next month, union and source say
November to staff being made redundant as part of a plan announced last week to cut 17,000 jobs at the debt-laden planemaker, an engineering union spokesperson and one industry source said on Monday.The Worker Adjustment and Retraining Notifications,
Boeing Stock Slips After Plane Maker Says It Will Cut 10% of Workforce
Boeing shares (BA) fell about 2% in morning trading after Citi cut its price target on the stock. Late Friday, the plane maker said it would cut roughly 17,000 jobs, and warned of deeper losses in its operations.
Boeing to Issue Layoff Notices Amid Strikes, Cut 17,000 Jobs
Boeing plans to send layoff notices to thousands of employees as the company struggles with ongoing strikes and financial turmoil. Acting U.S. Labor Secretary Julie Su is in Seattle to mediate talks between Boeing and union workers,
Boeing to send pink slips to thousands of workers within weeks as January layoffs loom: report
Boeing will send layoff notices to thousands of its employees within the coming weeks and a senior US official has flown to Seattle to encourage negotiations between the planemaker and the union, according to a report.
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 ...
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.
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 ...
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 ...
Analysis: Boeing’s endless doom loop gives no respite to CEO Ortberg
As Boeing Co. lurches from one crisis to the next, there’s been one constant for the embattled planemaker: Its predicament ...
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 ...
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.
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 ...
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 ...
Boeing factory strike crosses 1-month mark as pressure mounts on new CEO
Now, he said the company plans to cut 10% of its workforce in "the coming months." The announcement came as a factory strike ...