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 […]
‘Our Business Is In A Difficult Position: Problem-Ridden Boeing Announces Massive Job Cuts As Worker Strike Continues
Boeing announced Friday that it will cut 10% of its workforce, or about 17,000 jobs, amid an extended machinists' strike. Boeing CEO Kelly Ortberg said the company plans to cut its workforce by 10% as the company grapples with financial and operational challenges. According to Go to ABC News. The decision is aimed at avoiding […]
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 Boeing Co. on Tuesday announced it had withdrawn a salary offer for some 33,000 members of the […]
Hamas leader’s sister killed in Israeli strike on Gaza, war with Hezbollah looms | LiveNOW from FOX
The sister of Hamas leader Ismail Haniyeh was killed in an Israeli military strike in Gaza, according to reports from Israeli media … source
Iran Oil Sanctions Enforcement Is Looser Under Biden, Biden Might Tighten It to Get Israel to Not Strike
On CNBC's Friday broadcast of “Squawk on the Street,” CNBC contributor Helima Croft, global head of product strategy at RBC Capital Markets, said that “five years ago, there were far more significant sanctions in place” against Iranian oil. “We used to do that,” he said, “but now we do.” Iranian crude oil is at its […]
How long will it take the supply chain to normalize after dockworkers strike?
Former Toys R Us CEO Gerald Storch joins Kabuto: Coast to Coast to discuss the 90-day interim agreement for longshoremen. Longshoremen who formed a union The government on Thursday night suspended strikes at East Coast and Gulf Coast ports until mid-January, but it will take time for affected ports to return to normal operations due […]
Terrorist weapons supplier killed in Lebanon strike, Israel reports | LiveNOW from FOX
An Israeli strike in Lebanon eliminated Ayman Ratma, a man believed to be a weapons supplier for Hamas and other terrorist … source
JESSE WATTERS: Biden wanted ‘full credit’ for the port strike suspension
Jesse Watters highlighted how President Biden first appeared in the White House briefing room just as Vice President Kamala Harris was about to speak about stopping the Michigan port strike. Biden says he and Kamala Harris are trying to distance themselves from each other, saying they're 'singing the same song' Jesse Waters: It was my […]
Strong jobs report, port strike deal bolster Harris
Much better-than-expected jobs numbers, released just hours after the longshore workers' strike was abruptly called off, are providing momentum and relief to Vice President Harris' campaign. The port strike threatens to cripple the economy and is the most politically threatening of the three recent challenges facing Harris and the White House. The White House has […]