Boeing starts issuing layoff notices as planemaker trims 10% of workforce
WASHINGTON (Reuters) -Boeing said on Wednesday it is issuing layoff notices starting this week to workers impacted by a broader plan by the heavily indebted planemaker to cut 17,000 jobs, or 10% of its global workforce. U.S. staff receiving the notices ...
Boeing delivers layoff notices to 17,000 workers amid financial struggles
Boeing started issuing layoff notices Wednesday to 17,000 employees to cut 10% of its workforce in an effort to shore up the aerospace giant's shaky finances.
Boeing issues layoff notices as aerospace giant cuts 17,000 jobs
Boeing announced it will lay off 10% of its workforce in the coming months and cut its production amid an ongoing labor union strikes.
Boeing Faces Risk as It Starts Job Cuts in Tight Labor Market
Boeing Co. will start sending out pink slips on Wednesday to employees affected by a planned round of job cuts, a delicate balancing act between improving efficiency and keeping together a skilled workforce to help lift output again.
Boeing SC workers are bracing for layoff news this week
Boeing Co. is notifying workers in North Charleston and its other locations this week whether they'll lose their jobs under a broad-based cost-cutting proposal
VIDEO: Boeing workers facing layoffs
Now, new information in that case indicates the driver who was towing that bulldozer lied to police and is now facing felony charges as a result. Someone crashed their Rolls-Royce allegedly in a street race.
China's renaming of its regional jet is another clear sign its homegrown planemaker is coming for Boeing and Airbus
The ARJ21 is now to be known as the C909. The renaming plays into COMAC's ambition to enter the global market.
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Now that Boeing’s strike is over, the planemaker faces a massive backlog of orders
Despite Boeing's strike ending, the company has had a tough year. But its backlog struggles can be traced back to the ...
Boeing throws Spirit $350 million lifeline to support output
Boeing Co. will advance Spirit Aerosystems Holdings Inc. as much as $350 million as the planemaker gives its most important ...
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Spirit Aero to receive up to $350 million in funding from Boeing
(Reuters) -Spirit AeroSystems said Tuesday that planemaker Boeing will pay up to $350 million in advance payments to the ...
Brazilian planemaker Embraer lifts overall guidance as Q3 profit soars
SAO PAULO (Reuters) -Brazilian planemaker Embraer raised its projected adjusted earnings before interest and taxes margin ...
Boeing begins a new chapter, resuming 737 Max production and giving $350 million to a troubled supplier
CEO Kelly Ortberg has a four-point plan to improve Boeing. Ending the strike is a start, but analysts say it will take time ...
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Embraer Sees Chinese Role in Strengthening Supply Chain, Executive Says
ZHUHAI, China (Reuters) - Brazilian planemaker Embraer said on Wednesday at China's largest air show in Zhuhai that it ...
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Boeing CEO’s Effort to Rebuild Planemaker Suffers Strike Setback
Boeing Co. Chief Executive Officer Kelly Ortberg’s quest to stabilize the struggling US planemaker suffered a stinging setback after factory workers rejected a new labor contract that would have ...
Airbus' new plane is the answer to an aging, inefficient Boeing jet that airlines are scrambling to replace
Boeing ended 757 production in 2004, not seeing a market need for a replacement. That allowed Airbus to swoop in with its ...
Electric Planemaker Beta Technologies Raises Over $300 Million in New Funding
Electric aerospace company Beta Technologies said on Thursday it had raised more than $300 million in equity capital to support the continued production of its all-electric fixed-wing and eVTOL ...
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Planemaker Embraer spending $70 million to expand Fort Worth maintenance base
The German-based aircraft engine firm is moving to Perot Field Fort Worth Alliance Airport in Fort Worth.(Tom Fox / Staff Photographer) Plane manufacturer Embraer is investing $70 million for a ...
Spirit Aero gets planemaker help to prop up weak finances
By David Shepardson, Allison Lampert and Tim Hepher (Reuters) -Spirit AeroSystems said on Tuesday it would receive up to $350 ...