Boeing to cut 17,000 jobs and delay 777X jet as revenues fall short
Last month, 33,000 workers walked out of Boeing plants in Washington state after members of the machinists’ union overwhelmingly rejected a new contract. The work stoppage halted production of the company’s 767 and 777 planes, further cutting revenue, putting strain on its suppliers and customers.
Boeing to Cut 17,000 Jobs, Delay First 777X Jet as Strike Hits Finances
(Reuters) -U.S. planemaker Boeing will cut 17,000 jobs, or 10% of its global workforce, delay first delivery of its 777X jet by a year and expects substantial new losses in its defense business as a month-long strike batters company finances, CEO Kelly Ortberg said on Friday.
Boeing faces a crucial test with employees, customers and investors after announcing 10% job cuts and $5 billion in charges ...
Boeing will cut its workforce by roughly 10% and postpone first deliveries of its 777X jet due to record financial losses, ...
The Boeing 777X has seen a number of delays, postponing its official launch for years, but it's apparently still on its way.
Acting Labor Secretary Julie Su flew to Seattle to mediate a machinists strike at Boeing, where thousands face layoffs.
With losses mounting and workers striking, the jet builder’s new president/CEO put forth several steps to deal with the ...
Emirates, the world’s largest international airline and a major buyer of Boeing Co. widebody aircraft, said it will have ...
Taiwan-based China Airlines is evaluating its next large widebody order, with the Airbus A350 and Boeing 777X slated as ...
Commercial Airplanes expects to recognize pre-tax earnings charges of $3.0 billion on the 777X and 767 programs. The company ...
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