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 to cut 10% jobs, postpone delivery of 777X jet due to financial loss
Boeing will cut its workforce by roughly 10% and postpone first deliveries of its 777X jet due to record financial losses, CEO Kelly Ortberg said.
Boeing announces coming job cuts, third-quarter loss
Boeing plans to cut its workforce by about 10%, according to an announcement Friday from CEO Kelly Ortberg. Ortberg did not give a timeline for the job cuts, saying only that they would be instituted “over the coming months.
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.
Boeing to slash 17,000 jobs, delay 777X production
The substantial workforce downsizing comes over a month after the prolonged strike involving 33,000 of Boeing's US West Coast workers.
Boeing Fine-Tunes Job Cuts as Major Buyer Slams 777X Jet Delay
The image of a Boeing 737 jetliner is seen behind Boeing factory workers and supporters as they gather on a picket line near the entrance to a Boeing production facility in Renton, Washington, U.S. September 15,
Boeing Turbulence Continues With 17K Job Cuts
Thousands of jobs are on the chopping block at Boeing. The company plans to slash 17,000 jobs, which represents 10% of its global workforce.
Boeing shares slip 3% on job cut plans, jet delivery delay
Boeing is planning to lay off about 10 per cent of its global workforce in the coming months, about 17,000 people
Boeing again delays the 777X – the plane that's supposed to turn things around
Also warns it will fire thousands and keep making losses in space Aerospace outfit Boeing has again delayed its 777X jet – a product on which hot has hung all its hopes to help it turn around years of trouble – and warned of job cuts and further losses in its defence and space businesses.
Boeing to cut 10% of workforce, stop most 767 production amid strike
Boeing will lay off 10% of its workforce in the coming months and cut its production amid a month-old strike that has left the company burning through cash as its
Boeing to cut 17,000 workers
Boeing said Friday it would lay off roughly 17,000 employees, and that it would end production of a cargo airplane made in Washington.
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 ...
Kelly Ortberg
Boeing CEO Kelly Ortberg wrote in a memo that the aerospace giant is cutting 10% of its 170,000 workforce. A boy was shot and ...
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Boeing’s endless doom loop gives no respite to new CEO Ortberg
AS BOEING lurches from one crisis to the next, there’s been one constant for the embattled planemaker: Its predicament ...
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 to lay off 10% of workforce
EVERETT, Wash. — Boeing announced Friday it will cut 10% of its workforce and end the 767 freighter program as it grapples ...
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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Crisis-hit Boeing to fire 17,000 employees: report
The US manufacturer Boeing has announced plans to eliminate around 10% of its workforce over the coming months, as the ...
Boeing crisis worsens as 17,000 jobs amid strikes and plane safety issues
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