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Boeing, furloughs and strike
Boeing stock at 52-week lows as plane maker furloughs workers to preserve cash
After a tumultuous year, the last thing Boeing needed was a union strike. Shares of the aircraft manufacturing giant touched new 52-week lows on Friday as a labor dispute involving its largest unionized workforce — the International Association of Machinists and Aerospace Workers (IAM) — was set to enter into a second week.
A strike by Boeing factory workers shows no signs of ending after its first week
Boeing has started rolling furloughs of nonunion employees as a week-old labor strike by 33,000 union machinists shows no signs of ending
Boeing CEO says the company will furlough a ‘large number’ of employees to preserve cash during strike
Boeing’s CEO says the company will begin furloughing a large number of employees to save cash during a strike by union machinists.
Boeing Space & Defense chief Ted Colbert is leaving
Boeing’s head of defense unit Ted Colbert to leave
Boeing BA.N said on Friday that Ted Colbert, president and CEO of its defense, space and security unit will be leaving the company effective immediately.
The head of Boeing's defense and space business is out as company tries to fix troubled contracts
Boeing on Friday replaced the head of its troubled defense and space business, which has struggled with money-losing government contracts and embarrassing setbacks involving its Starliner space capsule.
Boeing’s defense chief is leaving, company says
Boeing Co. said that Ted Colbert — its head of defense, space and security — would leave the company on Friday, as the beleaguered aviation giant’s new chief executive aims for big changes following a string of safety concerns and a deep slump in its financials.
2d
on MSN
The Boeing strike has already cost the company and its workers $572 million – and the pace of losses is climbing
The strike at Boeing by 33,000 members of the International Association of Machinists union, which reaches its seventh day ...
17h
The executive in charge of the division that has 2 astronauts stuck in space is leaving Boeing
Ted Colbert, the head of Boeing's defense, space, and security division is leaving the company effective immediately, CEO ...
The Economist
2d
How much trouble is Boeing in?
Pay is at the centre of the latest dispute. Boeing offered its employees a 25% rise over four years; its workers are ...
Opinion
23h
Opinion
Honesty About Boeing Accidents
The firm’s culpability is clear but anyone who cares about air safety (and truth) wants the whole story.
2d
on MSN
Boeing says it's going to start furloughing 'a large number' of its white-collar employees amid strike
Selected employees will take one week of furlough every four weeks on a rolling basis, Kelly Ortberg, the CEO of Boeing, ...
7h
on MSN
Boeing machinists on picket lines prepare for lengthy strike: 'I can last as long as it takes'
More than 30,000 Boeing machinists walked off the job Sept. 13. At a local union office outside Seattle, they prepared for ...
1d
Boeing strike costs set to soar if labor dispute drags on
The ongoing strike by the largest union representing Boeing employees has already cost the company more than $500 million ...
1d
on MSN
Elon Musk says the FAA should make Boeing pay for putting the Starliner astronauts at risk, not fine SpaceX 'for trivia'
Elon Musk said the Federal Aviation Administration (FAA) should punish Boeing for its Starliner failures rather than impose ...
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Elon Musk
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