U.S. planemaker Boeing will cut 17,000 jobs, or 10% of its global workforce, delay first delivery of its 777X jet by a year and announced 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…
Boeing’s BA.N largest union said on Friday that contract talks will resume on Oct. 7, as both sides seek an agreement that would put an end to a strike by around 33,000 of the planemaker’s U.S. West Coast factory workers. Negotiators for the U.S. planemaker and its largest union have struggled to find common ground,…
Boeing said Monday it made a “best and final offer” to striking union machinists that includes bigger raises and larger bonuses than a proposed contract that was overwhelmingly rejected. The company said the offer includes pay raises of 30 per cent over four years, up from the rejected 25 per cent raises. The new offer…
