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Boeing Faces $3B Loss in Q4
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.
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,
9h
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 ...
Free Malaysia Today
1d
Union investigates claims that Boeing is sending work to non-union sites
Union officials worry that the company is using a company-wide downsizing mandate to send work away from the Seattle area.
8d
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 ...
8d
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 ...
devdiscourse
1d
Unemployment Claims Surge Amid Resilient Job Market
Jobless claims in the U.S. increased slightly last week, while the number of people receiving unemployment benefits reached a ...
1d
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 ...
6d
Boeing Intelligence Worker Advances Part of Race, Color Bias Row
A former Boeing Intelligence & Analytics Inc. worker can pursue some employment bias allegations, but her retaliation, ...
Newsable Asianet News on MSN
4h
Boeing Stock Falls Pre-Market After Company Expects $4B Loss In Q4: Retail Shrugs It Off
Shares of Boeing Co (BA) fell nearly 1.5% in Friday’s pre-market session after the planemaker said it expects a GAAP loss per ...
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