boeing news furloughs

Boeing delivers layoff notices to 17,000 workers

Boeing announces 10% workforce layoff amid major financial struggles

Boeing announced a significant reduction in its workforce, with 10% of its employees set to receive layoff notices. This move affects about 17,000 workers.

UPI News on MSN · 31m

Boeing delivers layoff notices to 17,000 workers amid financial struggles

Boeing started issuing layoff notices Wednesday to 17,000 employees to cut 10% of its workforce in an effort to shore up the aerospace giant's shaky finances.

U.S. News & World Report · 12h

Boeing Starts Issuing Layoff Notices Starting This Week

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. U.

Spirit to Receive up to $350 Million in Advance Payments

KSNW Wichita on MSN · 1d

Boeing to pay Spirit AeroSystems up to $350M in advance payments

One week after Spirit AeroSystems announced it has "substantial doubt" about its ability to continue as a going concern, Boeing is offering help.

The Business Journals · 1d

Boeing will provide Spirit AeroSystems with up to $350M cash lifeline

In April, Boeing provided a $425 million advance to support Spirit's liquidity. Spirit, Wichita's largest employer with around 12,800 full-time workers, previously disclosed it has spent all of that money, as well as the entirety of a $350 million bridge loan that was set up earlier this year.

U.S. News & World Report · 1d

Spirit to Receive up to $350 Million in Advance Payments From Boeing

Spirit AeroSystems said on Tuesday that Boeing will pay a total of up to $350 million in advance payments to the firm, providing the struggling supplier a lifeline as it continues to burn cash after four consecutive years of losses.

5don MSN

Boeing CEO announces furloughed employees will be paid back

Boeing CEO Kelly Ortberg announced on Friday that employees who were furloughed during the strike will be repaid.

5don MSN

Boeing CEO Says Furloughed Workers Will Be Paid for Lost Time

Boeing Co. Chief Executive Officer Kelly Ortberg moved to patch up relations with workers after a bruising seven-week strike, ...

The Spokesman-Review5d

Boeing to refund lost pay to employees furloughed during Machinists strike

Boeing instituted rolling furloughs in September, with tens of thousands of employees ... requirements needed to receive ...

20don MSN

Spirit AeroSystems weighs hundreds more furloughs or layoffs if Boeing strike goes beyond Nov. 25

More than 32,000 Boeing machinists walked off the job on Sept. 13 after turning down an earlier tentative agreement.

Boeing to return lost pay to staff furloughed during strike, Seattle Times says

CEO Kelly Ortberg issued a message to staff who were furloughed during the machinists’ strike Thursday saying the company ...

TravelPulse26d

Boeing Strike Causes Spirit AeroSystems to Furlough 700 Workers

The news was shared by CFO Irene Esteves, who said that the furlough will begin on October 28 for 700 employees working on the Boeing 767 and 777 programs. There is also a hiring freeze and ...

Travel Weekly27d

Boeing faces a new FAA review as a key supplier plans temporary furloughs

Photo Credit: Boeing Boeing's biggest supplier of aircraft components said Friday that it will temporarily furlough 700 workers later this month, warning that it would have to resort to layoffs ...

1don MSN

Boeing got the easy part done. Now comes the tougher, existential problems

Boeing’s most immediate problem – an eight-week strike by 33,000 workers – is over. But its more serious problems – ongoing ...

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