financetom
Business
financetom
/
Business
/
Boeing to cut 17,000 jobs and delay first 777X delivery as strike hits finances
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Boeing to cut 17,000 jobs and delay first 777X delivery as strike hits finances
Oct 11, 2024 1:50 PM

Oct 11 (Reuters) - Boeing ( BA ) will cut 17,000 jobs, or 10%

of its global workforce, delay first delivery of its 777X jet by

a year and expects substantial new losses in its defense

business as a month-long strike batters company finances, CEO

Kelly Ortberg said on Friday.

Ortberg said in a message to employees that the company must

reset its workforce levels "to align with our financial reality"

after a strike by around 30,000 U.S. West Coast workers

shuttered production of its 737 MAX, 767 and 777 jets.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Trump says it sounds like China has approved TikTok deal
Trump says it sounds like China has approved TikTok deal
Sep 20, 2025
(Reuters) -President Donald Trump told Fox News on Thursday that it sounded like China had approved a deal on TikTok, after announcing an agreement earlier this week with China that would keep the short-video app operating in the U.S. We had a very good meeting the other day, and it sounds like they've approved TikTok, he told The Story with...
Market Chatter: Pine Labs Plans October IPO of Up to $700 Million
Market Chatter: Pine Labs Plans October IPO of Up to $700 Million
Sep 20, 2025
03:50 PM EDT, 09/18/2025 (MT Newswires) -- Pine Labs, a digital payments provider in India backed by PayPal Holdings ( PYPL ) and Mastercard ( MA ) , plans to raise as much as $700 million in an initial public offering in October's H2, Bloomberg reported Thursday, citing people familiar with the matter. The IPO was reduced from a $1...
Leslie Doggett Auto Group Acquires Russell & Smith Ford, Honda Dealerships, and Major Ford Parts Distribution Business
Leslie Doggett Auto Group Acquires Russell & Smith Ford, Honda Dealerships, and Major Ford Parts Distribution Business
Sep 20, 2025
HOUSTON, Sept. 18, 2025 /PRNewswire/ -- The Leslie Doggett Auto Group is proud to announce the acquisition of Russell & Smith Ford, Honda, and Collision Center operations, as well as one of the nation's top five wholesale Ford and Honda parts distribution businesses. Located just one mile south of Houston's world-renowned Texas Medical Center at the 610 South Loop and Main...
Precore Gold Closes First Tranche of Private Placement
Precore Gold Closes First Tranche of Private Placement
Sep 20, 2025
VANCOUVER, British Columbia, Sept. 18, 2025 (GLOBE NEWSWIRE) -- Precore Gold Corp. (CSE: PRCG) (the “Company” or “Precore Gold”) is pleased to announce that it has completed the first tranche (the “First Tranche”) of the non-brokered private placement (the “Private Placement”) previously announced on August 21, 2025, for aggregate gross proceeds of C$1,000,029.60. The First Tranche consisted of the sale...
Copyright 2023-2026 - www.financetom.com All Rights Reserved