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Tag: Boeing

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 […]

Boeing to cut 17,000 workers amid strike

Boeing plans to cut 10% of its workforce, or about 17,000 jobs, CEO Kelly Ortberg announced Friday. The airline also announced that deliveries of the 777X aircraft will be delayed until 2026 and production of the 767 freighter will cease in 2027. “Our business is in a difficult situation, and the challenges we face together […]

Boeing, union at strike impasse as company halts talks, withdraws pay offer

Boeing proposed improvements to the main manufacturing union before breaking off negotiations, but union negotiators said the changes were minor and did not cover key areas needed to resolve the nearly month-long strike. he told Reuters on Wednesday. Boeing Co. on Tuesday announced it had withdrawn a salary offer for some 33,000 members of the […]

Boeing to resume union negotiation talks on Monday

Boeing plans to return to the negotiating table with striking union members on Monday after weeks of stalemate. union It was announced on Friday. About 33,000 machinists have been on strike at the company's West Coast factories since September, citing complaints over pay, pensions and annual bonuses. Boeing CEO Kelly Ortberg sent the following message: […]

Senate Democrats press DOJ to prosecute Boeing executives over passenger safety

Democratic Sens. Elizabeth Warren (Massachusetts) and Richard Blumenthal (Connecticut) have called on the Department of Justice (DOJ) to investigate Boeing executives. letter On Wednesday, the company accused it of putting profits ahead of safety. “For years, the federal government has accused Boeing of prioritizing profits over passenger safety without holding fully accountable Boeing and its […]