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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.
As Boeing Workers Enter Second Month Of Strike, Rival Airbus Reportedly Plans To Cut 2,500 Jobs
The European aerospace leader plans to implement these reductions, representing 7% of the division's workforce, by mid-2026.
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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 ...
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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.
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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.
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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 ...
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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 ...
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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 ...
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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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Boeing looks to issue new stock as part of $35 billion liquidity plan
The company could issue $25 billion in shares or debt and also revealed a new $10 billion credit agreement with major lenders ...
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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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