Boeing to lay off roughly 2,200 Washington workers 5 days before Christmas
Video shows flames spewing from the engine of a Hainan Airlines plane that collided with a bird after departing from Rome, Italy. (Credit: Viral Press) Boeing plans to lay off 2,199 employees in Washington state just days before Christmas, with employees in other states affected as well. The airline reportedly notified Washington State of the […]
Boeing axing 2,200 workers in these Pacific Northwest states — part of plan to slash 17K jobs
Boeing Co. will cut 17,000 jobs, or 10% of the debt-heavy aircraft maker's workforce, as part of a federally requested filing posted Monday and union officials. The company announced that it plans to lay off more than 2,500 employees in Washington, Oregon, South Carolina and Missouri. global workforce. About 2,200 layoff notices were sent to […]
Boeing Laying Off 17,000 People Following Major Strike, Business Woes
Aircraft manufacturer Boeing has sent layoff notices to approximately 17,000 employees who are scheduled to be cut by mid-January, company officials said. said Fox Business last month. In a statement issued on October 11, Boeing told the media that it was “adjusting workforce levels to align with our financial realities and a more focused set […]
Boeing issues layoff notices as aerospace giant cuts 17,000 jobs
Boeing announced it will issue termination notices to employees included in the aerospace giant's broader layoffs plan. Boeing said the approximately 17,000 employees affected by the layoffs were notified this week and are expected to leave in mid-January. The cuts, which were made in response to a trade union strike, amount to 10% of the […]
Boeing looks to sell space business: report
Keith FitzGerald, president of FitzGerald Group, is looking at the top and bottom stocks before the market opens on Monday. Aerospace giant Boeing is reportedly considering selling part of its space business as it looks at ways to streamline its operations. of The Wall Street Journal reported Boeing is considering selling some of NASA's businesses, […]
Boeing factory workers vote to accept contract and end more than 7-week strike
Boeing Co.'s machine workers union voted Monday to accept a contract offer and end a strike after more than seven weeks, putting the aerospace giant on a path to restarting production of its best-selling airliner and generating much-needed cash. I cut it open. Leaders of the International Association of Machinists and Aerospace Workers district in […]
Boeing offers new deal to end 7-week strike: What to know
Striking Boeing mechanics are scheduled to vote Monday on a new deal that could end a strike that has spanned more than seven weeks. The International Association of Machinists (IAM), which represents approximately 33,000 mechanics, announced A preliminary contract was approved earlier this week. “Your union supports and recommends the latest IAM/Boeing contract proposal. It […]
Boeing machinists vote to end strike after 53 days
Boeing mechanical engineers voted Monday to end a strike that has hobbled the company for the past 53 days. The new contract includes a 38% pay increase over the next four years and a recognition bonus of $12,000. Boeing says the average machinist will earn $119,309 a year at the end of four years, an […]
Machinists union rejects Boeing contract offer, extending strike
Keith FitzGerald, president of FitzGerald Group, is looking at the top and bottom stocks before the market opens on Monday. Union representing 33,000 people Boeing machinists on strike rejected the company's latest contract offer on Wednesday night, extending a strike that is straining aircraft production. The International Association of Machinists and Aerospace Workers (IAM) has […]
Tesla, UPS, Hasbro and Southwest rise premarket; Boeing and IBM fall – Investing.com
Investing.com — U.S. stocks rose modestly on Thursday, following Wednesday's decline marked by rising yields and declines in big tech stocks. Here are the biggest stocks moving U.S. stocks in the premarket today. tesla (NASDAQ:) Shares rose 13% after the electric vehicle manufacturing giant posted better-than-expected third-quarter profits and said it expected deliveries to increase […]