Boeing to cut 10% of workforce amid program delays, labor strikes
US-based aerospace giant Boeing plans to reduce its workforce by approximately 10 percent as the company grapples with program delays and ongoing labor strikes, CEO Kelly Ortberg announced in a message to employees.
Boeing to Cut 17,000 Workers as Strike Eats Into Reserves
Boeing Co. plans to slash its global workforce by about 10% and announced $5 billion in charges across its commercial airplanes and defense businesses, underscoring the depths of the planemaker’s financial woes amid a crippling labor strike.
Boeing to cut 17,000 jobs as strike hits finances
Boeing plans to cut 17,000 jobs and record $5 billion in losses in the third quarter, as the U.S. planemaker continues to spiral during a strike.
Boeing strike has already cost the company and workers $5 billion, new analysis shows
The multi-billion-dollar tab highlights the difficulties facing the aircraft maker, once a byword for American quality.
Boeing says it plans to cut 10% of global workforce amid strike
Aviation giant Boeing said it plans to cut 10% of its global workforce, or around 17,000 employees, amid a month-old strike that has idled its factories. An S&P Global report estimates the company is losing $1 billion a month from the demonstration.
Boeing to Slash 17,000 Jobs Amid Ongoing Worker Strike
Boeing is facing significant financial strain as a worker strike continues into its fifth week, halting production at its aircraft manufacturing facilities. The aerospace giant has now announced a drastic reduction of its workforce,
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 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, about 17,000 people, as it continues to lose money and ...
philstar.com14d
OPASCOR notice of strike hit
The Oriental Port and Allied Services Corporation (OPASCOR) rank-and file Employees Union-ALU-TUCP said that action taken by its president in filing a notice of strike was without their agreement and ...
The Manila Times on MSN18h
Acting US labor secretary intervenes in Boeing strike
US Acting Labor Secretary Julie Su flew to Seattle on Monday to try to ease a strike by Boeing factory workers, as thousands of employees face layoffs and a major airline reacted with alarm to the ...
The Stanford Daily12d
Hundreds of graduate workers rally, pledge to strike
Stanford Graduate Workers Union members aimed to pressure the University to agree to the union’s demands for better working ...
philstar.com9d
OPASCOR labor woes fizzle out
Members and officers of Oriental Port and Allied Services Corporation employees union have agreed to refrain from doing mass actions and refocus instead on their shared commitment to a strong and ...
Investopedia4y
Furlough: What It Is, How It Works, FAQs
Doretha Clemons, Ph.D., MBA, PMP ... "Boeing CEO Says the Company Will Furlough Employees Soon to Preserve Cash During Labor Strike." ...
Bitcoin Magazine1y
Strike Launches Instant, Cheap Remittances For The Philippines Using Bitcoin Lightning
U.S. users of Strike can now use Send Globally to send instant, cheap remittances to loved ones in the Philippines. Strike has partnered with Pouch.ph to enable transfers from U.S. dollars to ...
Reuters19d
Timeline: US port workers, operators reach deal to end East Coast strike
July 12, 2024 Harold Daggett, ILA's president and chief negotiator, says the threat of an Oct. 1 strike is growing after ... triple employer contributions to employee retirement plans and ...
U.S., ASEAN nations agree to new set of economic and defense policies
Secretary of State Antony Blinken on Friday announced mutually beneficial trade and defensive agreements with representatives ...