Boeing workers in the Pacific Northwest vote to strike after rejecting pay increase of 25% over 4 years
SEATTLE (AP) — Boeing workers in the Pacific Northwest vote to strike after rejecting pay increase of 25% over 4 years.
SEATTLE (AP) — Boeing workers in the Pacific Northwest vote to strike after rejecting pay increase of 25% over 4 years.
The company says all jobs are at risk as it cuts 10% of its workforce.
(Reuters) -Boeing will cut 17,000 jobs -- 10% of its global workforce -- delay first deliveries of its 777X jet by a year and record $5 billion in losses in the third quarter, as the U.S. planemaker continues to spiral during a month-long strike. CEO Kelly Ortberg said in a message to employees that the significant downsizing is necessary "to align with our financial reality" after an ongoing strike by 33,000 U.S. West Coast workers halted production of its 737 MAX, 767 and 777 jets. Boeing shares fell 1.1% in after-market trading.
Boeing plans to cut 10 percent of its workforce, or about 17,000 workers, CEO Kelly Ortberg announced Friday. The airplane maker also said that deliveries of its 777X planes will be delayed until 2026 and that it will be discontinuing production of its 767 Freighters in 2027. “Our business is in a difficult position, and…
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Indonesia's immigration officers on the tourist island of Bali have arrested a Chinese suspect sought by Beijing for helping run over $14 billion investment scam to clients in China, officials said Thursday. The 39-year-old man, identified only by his initial, LQ, was arrested on Oct. 1, when an immigration auto-gate in Bali’s Ngurah Rai international airport denied him departure for Singapore.
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BEIRUT (Reuters) -Hezbollah is preparing for a long war of attrition in south Lebanon, after Israel wiped out its top leadership, with a new military command directing rocket fire and the ground conflict, two sources familiar with its operations said. Hezbollah has been diminished by three weeks of devastating Israeli blows - most notably the killing of its leader Sayyed Hassan Nasrallah. Friends and foes alike are now watching how effectively it resists Israeli troops that have crossed into Lebanon with the stated aim of driving it away from the border.