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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 expects $4 billion loss for fourth quarter after chaotic 2024
Boeing said Thursday that it likely lost about $4 billion in the fourth quarter, adding to troubles at the manufacturer, which began 2024 with a midair accident and ended it with a crippling labor strike and layoffs.
2h
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 ...
7d
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 ...
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.
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, ...
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 ...
devdiscourse
19h
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 ...
Honolulu Star-Advertiser
7d
Hawaiian Airlines lays off 61 noncontract workers
Hawaiian Airlines has begun its second round of merger-related layoffs, and on Thursday issued WARN (Worker Adjustment and ...
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 ...
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