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Boeing prepares layoff notices for thousands of workers
Boeing to issue layoff notices to thousands next month, union and source say
Boeing will send 60-day notices in mid-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.
Boeing Prepares Layoff Notices for Thousands of Workers as Turmoil Deepens
Boeing will refrain from asking for voluntary departures to limit severance cash and avoid an exodus of skills, sources said, adding the company will rely solely on involuntary layoffs. Rivals are scooping up scarce labor to relieve pressure on aerospace supply chains.
Rantz: Boeing layoff notices come next month, furloughs end, Sen. Maria Cantwell booed
Boeing will start sending out layoff notices next month as part of a two round process. But, furloughs will come to an end for now.
Boeing Seeks to Line Up Billions in Financing
Boeing Will Cut About 10% Of Its Workforce Amid Strike And Financial Struggles
The aerospace company has faced production slumps and a declining stock this year as it now contends with striking workers and a massive workforce reduction.
Boeing Seeks to Line Up Billions in Financing as Strike Goes On
The aerospace giant said it could raise as much as $25 billion in debt or equity over the next three years, including a $10 billion line of credit.
Boeing to Sell Stock to Raise Cash. It Isn’t About the Strike.
Aerospace firm Boeing disclosed it plans to raise up to $25 billion by selling securities. The company had about $20 billion in total liquidity at the end of September.
2d
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, ...
Hosted on MSN
1d
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 ...
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15h
Boeing Layoffs: Aerospace Firm Draft Notices To Fire 17,000 Employees
A Boeing spokesperson stated that the company had informed managers about plans for a 10 per cent reduction in its commercial ...
2d
on MSN
Boeing Stock Fell. Why Analysts Are Still Backing Shares.
The move comes after Boeing announced, on Friday, a huge third-quarter loss and layoffs impacting some 17,000 workers as a ...
2d
on MSN
Boeing falls after 10% layoff, $5bn charge
Managers at Boeing (NYSE:BA) are due to find out more details this week about the aerospace giant's plan to slash around ...
3d
Boeing strikers denounce “fear tactics” after company announces layoff of 10 percent of global workforce
In court Friday, Boeing argued it deserved a lesser penalty for two fatal crashes because it is a “pillar of the national ...
3d
Boeing's Labor Strike Enters Week 5: How Bad Could This Get?
Depending on whom you ask, Boeing is losing anywhere from $1 billion per week (says The Washington Post) to $1 billion per ...
3d
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 ...
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