Spirit Aero to furlough 700 workers for 21 days due to Boeing strike
Peter McNally, head of global analyst at Third Bridge, spoke on “The Big Money Show” about how the Boeing factory workers' strike is impacting business. Spirit AeroSystems on Friday announced it will furlough 700 employees for 21 days, as U.S. aircraft maker Boeing Co.'s more than month-long strike strains the company's cash and inventory space, […]
Boeing competitor Airbus to cut up to 2,500 jobs in space, defense sector
Boeing rival Airbus on Wednesday announced The company plans to take steps to cut 2,500 jobs in its defense and space division by mid-2026. Airbus said in a press release that the job cuts are part of a plan to streamline the division's organizational structure, with a particular focus on headquarters functions and greater accountability […]
Striking Boeing workers boo after Democratic Sen. Maria Cantwell criticizes Trump
The top Senate Democrat was booed Tuesday for striking Boeing workers in Seattle after disparaging former President Trump and blaming the housing shortage. “Housing is expensive everywhere in the United States because everyone is leaving their homes,” Senate Commerce, Science, and Transportation Chairwoman Maria Cantwell (D-Wash.) told LCI striking members. . We haven't built enough […]
Washington lawmakers press Boeing, union to resolve monthlong strike
Four Democratic lawmakers from Washington state this week called on Boeing Co. and the union representing striking machinists in the Seattle and Portland, Oregon, areas to resolve the labor dispute. Some 33,000 machinists walked off the job just after midnight on September 13, marking the first strike by the International Association of Machinists and Aerospace […]
Boeing to send layoff notices to thousands of workers: report
Boeing plans to send layoff notices to thousands of employees in the coming weeks, and senior U.S. officials have reportedly flown to Seattle to facilitate negotiations between the plane maker and unions. Boeing plans to send 60 days' notice next month to thousands of employees, including those in its civil aviation sector. A source familiar […]
Boeing plans to raise up to $35 billion to shore up finances as strike continues
Boeing CEO Kelly Ortberg relocated to Seattle, where 33,000 Boeing employees took to the picket line. (Credit: Derrick Louie, Clarity Northwest Photography, Laura Halliday, Realogics Sothebys International Realty, KCPQ) Aerospace giant Boeing The company said in a regulatory filing Tuesday that it plans to raise up to $25 billion in stock and bond issuances while […]
What aircraft are affected by the Boeing strike?
Peter McNally, head of global analyst at Third Bridge, spoke on “The Big Money Show” about how the Boeing factory workers' strike is impacting business. Approximately 33,000 unionized workers in the Pacific Northwest remain on picket lines, affecting production of several types of Boeing aircraft. Boeing employees from the International Association of Machinists and Aerospace […]
Boeing to Slash 17,000 Jobs amid Financial Losses and Machinist Strike
Aircraft maker Boeing is preparing to make significant cuts to its workforce due to strikes and safety issues with its planes. The company plans to cut 10 percent of its workforce, or about 17,000 people, CNBC reported on friday. The move comes “as the company's losses widen and a machinists' strike that has kept aircraft […]
Boeing job cuts, stocks hit records, Tesla’s Robotaxi
F/M Investments Senior Portfolio Manager Don Nesbitt shares market opportunities on “Making Money.” U.S. stocks continue to hit record highs for another week Boeing cuts thousands of employees Inflation is progressing faster than expected, especially food inflation. JPMorgan CEO Jamie Dimon warns about US economy Hurricane Milton leaves damage as businesses try to recover Social […]
Boeing to cut 10% of workforce, halt most 767 production amid labor union strike
Peter McNally, head of global analyst at Third Bridge, spoke on “The Big Money Show” about how the Boeing factory workers' strike is impacting business. Boeing plans to lay off 10% of its workforce, or about 17,000 people, and cut production in the coming months as union strikes continue. Chief Executive Officer Kelly Ortberg, who […]