Boeing Co BA is issuing layoff notices to 17,000 employees as part of a broader effort to rightsize its workforce.
Boeing board has elected former Vanguard Group CEO Tim Buckley as its newest member, effective Jan. 1, the U.S. planemaker said on Friday.
Production down 0.3% after 0.5% drop in prior month
David Tepper's Appaloosa and Soros Fund Management diverge on Boeing Co., securities filings late Thursday show.
Boeing Co (NYSE:BA, ETR:BCO) has started issuing layoff notices this week as part of a larger workforce reduction, impacting around 17,000 employees, or 10% of its global workforce. The layoffs will impact employees at all levels including executives, managers and manufacturing workers at its facilities in Washington and South Carolina.
Boeing said on Thursday it hired former Northrop Grumman executive Colin Miller to head its Phantom Works research arm within the company's defense business unit.
Bell-Boeing, a joint venture between BA and Bell Helicopter, an unit of TXT, secures a contract involving the CMV-22 Osprey aircraft.
The cuts, which come after a labor union strike, equate to 10% of its workforce.
Etihad has laid out plans to spend US$1 billion on retrofitting older jets as the airline looks to build on a surge in profit this year against a backdrop of new aircraft shortages. Around 50 Boeing Co (NYSE:BA, ETR:BCO) 787 and 777s will be refurbished initially, before stretching to all of Etihad's wide body jets, chief executive Antonoaldo Neves said on Thursday.
The company's equity raise will de-risk its operations, and that's great for its suppliers.
Boeing said on Wednesday it is issuing layoff notices starting this week to workers impacted by a broader plan by the heavily indebted planemaker to cut 17,000 jobs, or 10% of its global workforce.
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