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Boeing on Friday said it's cutting 10% of its workforce, or about 17,000 employees. In a memo on Friday, CEO Kelly Ortberg announced the layoffs, writing that the aerospace giant must make "tough ...
Boeing furloughed thousands of salaried employees on a rolling basis after the strike by 33,000 union machinists began in September and halted production of its best-selling 737 MAX.
The union also wanted to restore traditional pensions that were axed a decade ago but settled for an increase in new Boeing contributions to employee 401(k) retirement accounts of up to $4,160 per ...
Scott Stocker, vice president and general manager of Boeing’s 787 Program, wrote in a memo to employees on April 29 that an employee spoke out against an issue he saw during a quality test on ...
Just last summer, and again a few weeks ago at an all-hands meeting, Boeing CEO Dave Calhoun had positive things to say about hybrid work. Deal’s order affects most Boeing employees, but not all.
Boeing’s CEO said Wednesday that the company will begin furloughing “a large number” of employees to conserve cash during the strike by union machinists that began last week. Chief Executive ...
Equity research firm Melius Research found median employee compensation for the aerospace and defense firms it monitors grew 12% between 2018 and 2023, while at Boeing it fell 6%.
Sam Mohawk, a Boeing employee of 13 years, claimed on "60 Minutes" that some factory workers took flawed airplane parts from storage and installed them on airplanes in order to keep production ...