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General Electric said Monday it was planning to cut the global workforce of its aviation unit this year by as much as 25 percent, or up to 13,000 jobs, including both voluntary and involuntary layoffs, citing prolonged aircraft reduction schedules caused by the coronavirus pandemic. The job cuts are the latest mounting woes for the …
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Boeing said on Wednesday it would cut its 160,000-person workforce by about 10 percent, further reduce 787 Dreamliner production and try to boost liquidity as it prepares for a years-long industry recovery from the coronavirus pandemic that drove its second consecutive quarterly loss. Planemakers, airlines and suppliers have been left reeling by the pandemic, which …
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Federal prosecutors are reportedly probing potentially dangerous missteps in the production of Boeing’s 737 MAX jet, adding to intense scrutiny of the troubled planemaker. Both the US Department of Justice and the Federal Aviation Administration are examining various safety problems on the 737 MAX assembly line, The Wall Street Journal reported Tuesday. The report follows …
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Boeing on Tuesday reported another 75 cancellations for its 737 Max jetliner in March, as the coronavirus crisis worsened disruptions from the grounding of its best-selling jet. The US planemaker posted a total of 150 MAX cancellations in March, including 75 previously reported from Irish leasing company Avolon. New cancellations came from buyers including 34 …
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Boeing Chief Executive Dave Calhoun outlined a plan of voluntary layoffs for employees on Thursday, while warning that the coronavirus pandemic would have a lasting impact on the global aerospace industry. Under the plan, eligible employees who want to exit the company will be offered pay and benefits package, Calhoun said in a memo. “We’re …
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Boeing said on Monday it will halt production temporarily at its Washington state twin-aisle jetliner factory due to risks from coronavirus, confirming an earlier Reuters report. Following a similar move by European rival Airbus, Boeing said a temporary operations shutdown at its facilities across Seattle’s Puget Sound region will last 14 days beginning March 25. …
General Electric said Monday it was planning to cut the global workforce of its aviation unit this year by as much as 25 percent, or up to 13,000 jobs, including both voluntary and involuntary layoffs, citing prolonged aircraft reduction schedules caused by the coronavirus pandemic. The job cuts are the latest mounting woes for the …
