Boeing will provide Spirit AeroSystems with up to $350M cash lifeline
In April, Boeing provided a $425 million advance to support Spirit's liquidity. Spirit, Wichita's largest employer with around 12,800 full-time workers, previously disclosed it has spent all of that money, as well as the entirety of a $350 million bridge loan that was set up earlier this year.
Boeing is also continuing with plans to cut about 17,000 jobs. Meanwhile, the strike exacerbated inventory and storage ...
In a goodwill gesture to Boeing employees who were furloughed during the Machinists strike, new CEO Kelly Ortberg on ...
Ortberg also said he and other Boeing leaders "will take a commensurate pay reduction for the duration of the strike." The extensive furloughs show Ortberg is preparing the company to weather a ...
Earlier this year, we reported on the DEI troubles at Boeing, which an insider described in this way: “DEI is the drop you ...
Boeing says it will be several weeks before it fully resumes building passenger planes, as factory workers return following a ...
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More than 32,000 Boeing machinists walked off the job on Sept. 13 after turning down an earlier tentative agreement.
Boeing Co. delivered 14 jetliners in October, its lowest monthly total since November 2020, as a strike by the company’s ...
If the strike at Boeing, soon to enter its sixth week ... then we’ll have to implement layoffs and bigger numbers of furloughs.” In a message to employees Friday, Spirit Chief Financial ...
CEO Kelly Ortberg issued a message to staff who were furloughed during the machinists’ strike Thursday saying the company ...
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