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Boeing to Cut 17,000 Jobs, Delay 1st 777X Jet
Boeing stock slides as company plans to cut 17,000 jobs, delays jet delivery amid labor strike
Boeing stock (BA) slid 2% in after-hours trading Friday as the company said it would cut its workforce by 10%, or roughly 17,000 jobs, and delay the first delivery of its 777X jet to 2026 amid an ongoing worker strike.
Boeing to Cut 17,000 Jobs, Delay First 777X Jet as Strike Hits Finances
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,
Boeing cutting 17,000 jobs as financial losses deepen
Boeing CEO Kelly Ortberg announced to employees in a memo released on Friday that the company is laying off 17,000 people. “Our business is in a difficult position, and it is hard to overstate the challenges we face together,
2d
Boeing's bonds again show more confidence in the troubled aerospace giant than the stock
Boeing Co.'s stock fell again Thursday amid worries about an ongoing strike and the potential that its credit will be ...
2d
on MSN
Wells Fargo expects Boeing to sell up to to $15 billion in new stock to cover for workers’ strike losses
Boeing has clearly had a turbulent year. From several safety incidents to the Starliner fiasco to bringing in a new CEO amid ...
1d
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 ...
2d
on MSN
Watch These Boeing Price Levels as Stock Hits 2-Year Low on Strike Impact Concerns
Shares in Boeing continued falling Thursday, after the airplane maker earlier this week withdrew its contract offer to ...
1d
on MSN
Boeing is laying off 10% of its workforce, here’s why
Boeing Co. announces 10% workforce cut amid larger-than-expected third-quarter losses, production delays, and bond rating ...
3d
on MSN
Boeing’s stock falls as talks with machinists union hit an impasse. Bondholders seem unfazed.
Boeing Co.’s stock slid 2.5% Wednesday after the company said it has reached an impasse in its talks with its machinists ...
3d
on MSN
Boeing, union at strike impasse as company halts talks, withdraws pay offer
Holden said that Boeing’s removal of its offer is important because some of his members want to vote. He said the union is ...
2d
Boeing: Eyes On The Prize
Boeing stock is down 11% and underperforming the S&P 500 by another 25%. Click here to find out why I think BA is a bit ...
3d
Boeing Stock Falls After Company Suspends Negotiations With Striking Workers
Negotiations broke down between Boeing and its largest union, eroding hopes of a quick end to a strike that has halted ...
3d
Boeing's October Deliveries Expected To Plummet Amid Strike Challenges: Analyst
Boeing Company (NYSE:BA) shares are trading lower on Wednesday. On Tuesday, the company reported that it delivered over 33 ...
3d
Boeing stock sinks as union resists proposed deal from management
Boeing (BA) stock continues to languish on Wednesday as the aeronautics company deals with further setbacks from its ongoing ...
3d
Boeing Stock Faces Strike Turbulence As Potential Credit Downgrade Looms
Boeing Chief Operating Officer Stephanie Pope said the company is considering selling $10 billion of new stock to offset the ...
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