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Boeing Faces $3B Loss in Q4
Boeing lost $3.5 billion due to labor strikes and layoffs in the fourth quarter
Boeing reported preliminary fourth quarter results on Thursday after the bell, estimating a whopping $3.5 billion operating cash flow loss to the quarter, citing the effects of a work stoppage, workforce reductions,
Boeing took nearly $3 billion hit in Q4 related to strike, layoffs and troubled government programs
Boeing Co. said it incurred nearly $3 billion worth of charges in the fourth quarter of 2024 due to a lengthy labor stoppage, job cuts and problems with a number of government programs. As a result, the Chicago-based aerospace giant said Thursday that it will report a loss of $5.
Boeing Faces $3B Loss in Q4 Due to Strikes and Layoffs
Boeing had previously announced plans to reduce its workforce by 10%, which added to the company's financial strain during the quarter.
2d
Union investigates claims that Boeing is sending work to non-union locations
Boeing's engineering union is formally investigating claims from its members that the company is moving work to non-union ...
1d
This day in history: Boeing announced layoff; bootleggers pull of ‘sensational’ plot
From 1925: Bootleggers pulled off a “sensational daylight whisky smuggling plot” at Orchard Avenue, near Trent Avenue. A ...
18d
on MSN
In the understatement of 2024 so far, Boeing’s CEO says his company has been ‘far from perfect’ after a litany of safety snafus
The hearing is the first, and perhaps only, time Calhoun will testify publicly on Boeing’s safety issues before he steps down.
2d
Boeing warns of bigger-than-expected $4 billion quarterly loss; shares drop
Boeing warned on Thursday that it expected a fourth-quarter loss of about $4 billion to close a year marred by a production ...
22d
Cultural shift? Boeing highlights quality improvements under new production safety plan.
Boeing has faced increased scrutiny in the wake of a number of high-profile flight incidents. It says its turnaround is ...
10d
Boeing sees big commercial jet delivery decline in 2024
Boeing commercial jet deliveries dropped last year by more than a third compared to 2023, as the aerospace giant wrestled ...
9d
on MSN
More Americans file for unemployment benefits last week, but layoffs remain historically low
The number of Americans applying for unemployment benefits rose last week, but layoffs remain historically low and the job ...
2d
on MSN
Boeing Donates $1 Million To Support Los Angeles' Deadly Wildfire Recovery
Boeing has pledged $1 million in donations to support relief and recovery operations in the Los Angeles region in response to ...
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