FAA Administrator Michael Whitaker said on Thursday he plans to soon visit Boeing's Seattle offices to meet with CEO Kelly Ortberg as the planemaker resumes 737 MAX production.
Kelly Ortberg had a tough message for Boeing employees, including that the company is at a ‘low' as employees spend more time arguing among themselves than figuring out how to beat Airbus.
Boeing issued lay off notices to 692 workers in Missouri, home to the company's Defense, Space & Security division, according to a federally-required filing posted on Wednesday, as part of the debt-heavy U.S. planemaker's plan to cut 17,000 jobs, or 10% of its global workforce.
Boeing workers across the U.S. are learning about a round of layoffs, with most workers impacted currently working in the state of Washington.
Boeing stock price has sold off recently and is hovering near its lowest level since October 2022 as concerns about its business and the incoming Trump administration remain. It has crashed by 44% this year, bringing its market cap to over $107 billion.
Boeing begins layoffs as part of its plan to cut 10% of its workforce. BA stock was one of the few climbers in the Dow Jones Industrial Average.
Boeing last week notified 220 employees who assemble the 787 Dreamliner aircraft at a Charleston-based facility that they would be let go, according to a report.
Boeing workers across the U.S. are learning about a round of layoffs, with most workers impacted currently working in the state of Washington.
Boeing Co (NYSE:BA, ETR:BCO) has moved to lay off 2,500 staff in the US under plans for sweeping cuts unveiled last month. Almost 2,200 staff in Washington alone have been issued layoff notices, alongside a further 220 in South Carolina, with Boeing building commercial jets in the two states.
Spirit Airlines' complicated situation. Boeing requires long-term investment due to ongoing balance sheet repairs and credibility issues, despite a recent capital raise.
Several hundred engineers and production workers were among those who received pink slips last week.
Boeing is laying off nearly 2,200 workers in Washington State, a Worker Adjustment and Retraining Notification (WARN) showed on Monday.