Boeing has initiated a sweeping round of layoffs, notifying 17,000 employees of their termination—a drastic 10% reduction in its workforce. This move reflects Boeing’s ongoing financial challenges and underscores the severe toll recent setbacks have taken on one of the world’s largest aerospace manufacturers. In an era already marked by economic turbulence, the company’s announcement […]
Boeing’s seven-week strike has come to a dramatic conclusion as thousands of its workers accepted a new contract that promises significant improvements. The resolution ends one of the most disruptive industrial actions in recent history for the aerospace giant, allowing production at Boeing’s key facilities in the Pacific Northwest to resume. The new agreement was […]
Boeing and the International Association of Machinists and Aerospace Workers (IAM) have struck a tentative agreement that could end the ongoing strike affecting over 33,000 workers. The deal, which includes a significant 35% wage increase over four years, comes as Boeing faces mounting pressure to stabilize its production facilities in Washington and Oregon. The labor […]
In a stunning development, Boeing’s head of Defence, Space & Security, Ted Colbert, has left the company, marking a significant shakeup as the aerospace giant grapples with mounting operational issues. Colbert’s departure comes as Boeing endures a difficult 2024, marked by continued production troubles and safety concerns, particularly in the 737 Max program. With Colbert’s […]