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Boeing announces thousands of layoff notices

KOMO-TV Seattle on MSN · 1d

Boeing announces 10% workforce layoff amid major financial struggles

Boeing announced a significant reduction in its workforce, with 10% of its employees set to receive layoff notices. This move affects about 17,000 workers.

FOX 10 Phoenix · 16h

Boeing issues layoff notices as aerospace giant cuts 17,000 jobs

"We are adjusting our workforce levels to align with our financial reality and a more focused set of priorities," Boeing said in a statement to FOX Business. CEO Kelly Ortberg, who took over in August, told staff in a memo last month that the job cuts ...

UPI News on MSN · 1d

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, Northrop Grumman

U.S. News & World Report · 1h

Boeing Hires Northrop Executive to Take Over Pentagon Projects

(Reuters) - Boeing said on Thursday it hired former Northrop Grumman executive Colin Miller to head its Phantom Works research arm within the company's defense business unit. Miller's hiring as general manager of Phantom Works at Boeing Defense, Space and Security (BDS) had been in the works before the arrival of new Boeing CEO Kelly Ortberg.

Business Insider · 9h

Boeing hires Northrop’s Miler to run Phantom Works, WSJ says

Boeing (BA) hired Colin Miler, a former Air Force commander who oversaw aeronautics engineering at Northrop Grumman (NOC) to run its Phantom

The Wall Street Journal on MSN · 12h

Boeing Hires Northrop Executive to Revamp Pentagon Projects

Boeing has poached an executive from defense rival Northrop Grumman to run its Phantom Works division, which oversees research efforts for its Pentagon business and is involved in bidding for U.S. government projects.

8hon MSN

Boeing Stock Sale Was Supposed to Mark the Bottom. How Low Shares Could Go.

Boeing is starting to show progress in its turnaround plans. So why is the stock still tanking? Shares of the plane maker ...

Boeing Stock Keeps Dropping. Here’s Why—and How Low It Could Go.

Shares of the plane maker closed at $139.10 on Wednesday, the first time shares have closed below $140 since October 2022 and ...

6don MSN

Boeing CEO announces furloughed employees will be paid back

Boeing CEO Kelly Ortberg announced on Friday that employees who were furloughed during the strike will be repaid.

2d

Employees across Boeing face sweeping layoffs this week

Boeing plans to cut 10% of its workforce. Employees learn their fate Wednesday. Non-frontline workers are targeted, though ...

17h

Boeing Hands Out Layoff Notices While Setting Up For Its Next Commercial Aircraft Program

Boeing's new CEO outlined that the manufacturer has to be leaner in order to be better prepared for the future.

1don MSN

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 ...

7d

Boeing to refund lost pay to employees furloughed during Machinists strike

In a goodwill gesture to Boeing employees who were furloughed during the Machinists strike, new CEO Kelly Ortberg on ...

2don MSN

Boeing got the easy part done. Now comes the tougher, existential problems

Boeing’s most immediate problem – an eight-week strike by 33,000 workers – is over. But its more serious problems – ongoing ...

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