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The Latest Breaking News from Kelly Ortberg

Urgent Action Required: Boeing's Future is at Stake - A Open Letter To Kelly Ortberg, CEO, Boeing

Boeing's problems are self-inflicted; they have nothing to do with outside pressure or the state of the market. Mismanagement, a lack of strategic vision, and giving short-term gains top priority over long-term development have destroyed public confidence and shareholder value.

Barchart

Boeing issues layoff notices to 400-plus workers as it begins drastic cuts

Boeing has delivered layoff notices to more than 400 members of its professional aerospace labor union, part of thousands of cuts planned as the company struggles to recover from financial and regulatory trouble as well as an eight-week strike by its Machinists union

The Independent UK

Boeing Has 170K Workers Worldwide, 17K Are About To Lose Their Jobs: What's Going On?

Boeing has announced significant layoffs, affecting 17,000 employees. This comes amidst a series of challenges for the aerospace giant.

International Business Times UK

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Boeing Expects Post-Strike Output Recovery To Take Several Weeks

Boeing said Tuesday that it delivered 14 aircraft in October, but production will likely take several weeks to return to normal after a worker strike that hit operations at two major assembly plants.

International Business Times

Boeing To Repay Furloughed Employees, But Will Still Proceed With Job Cuts

The planemaker's CEO, Kelly Ortberg, stated that while factory workers would be repaid for lost wages, the company would still go ahead with its plans to slash approximately 10% of its workforce globally.

International Business Times

Boeing workers end bitter seven-week strike after clinching new pay deal

Joe Biden congratulates company and union for reaching a deal, after direct mediation by the White House

The Guardian - UK

Boeing Union Says Approves Contract, Ending Over 7-week Strike

Striking workers at Boeing approved a new contract proposal on Monday, ending a more than seven-week stoppage that had cost the beleaguered aviation giant billions.

International Business Times

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Boeing factory workers vote to end seven-week strike and accept pay deal

A strike by 33,000 Boeing factory workers is coming to an end

The Independent UK

Boeing workers to vote on third contract agreement that could end strike

The 33,000 workers who have been on strike since September could return to work this week

The Guardian - US

Boeing machinists are holding a contract vote that could end their 7-week strike

Unionized factory workers at Boeing are voting on Monday whether to accept a contract offer or to continue their strike

The Independent UK

Striking Boeing Workers Set To Vote On Latest Offer

Striking workers at Boeing will vote Monday on the aerospace giant's latest contract proposal to end a bruising walkout that has dragged on for more than seven weeks.

International Business Times

Raised eyebrows as Boeing reportedly mulls sale of stellar space enterprise

Company that helped build Nasa’s Saturn V rockets said to be keen to focus on fixing problems in core aircraft business

The Guardian - US

Boeing will sell $19 billion in shares to avoid credit downgrade

The new offering is another blow to the company’s long-suffering shareholders, who will see the value of their holdings diluted.

Fortune

Boeing Announces Stock Offering Expected To Raise Up To $19 Billion

Boeing announced a stock offering on Monday expected to raise up to $19 billion, saying proceeds will go towards repaying debt and investing in its subsidiaries.

International Business Times

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The Guardian - UK

Boeing to raise up to $19bn amid costly strike and safety crisis

US manufacturer, which recently disclosed plan to cut 17,000 jobs, seeks to shore up balance sheet

Fortune

Boeing may put its iconic space business up for sale and had talks with Jeff Bezos’s Blue Origin, report says

That could include Boeing’s Starliner space taxi program and operations related to the International Space Station, sources told the Wall Street Journal.

Fortune

American Airlines CEO longs for the day when Boeing is not a distraction

Robert Isom has been one of Boeing’s loudest critics this year.

International Business Times

Prolonged Strike Clouds New Boeing CEO's Turnaround

The quest by Boeing's new CEO to revive the aviation giant's fortunes suffered a serious blow when striking machinists voted down the latest contract proposal, prolonging a nearly six-week stoppage.

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Fortune

Boeing workers reject new deal, company posts $6 billion loss

With production at Boeing’s facilities in the Pacific Northwest ground to a halt, the company’s woes keep growing.

Top News

Boeing Workers Reject Contract Offer, Remain On Strike

Boeing workers' rejection of contract offer leads to a six-week strike, impacting financial performance and highlighting the need for resolution and commun...

The Independent UK

Boeing strike to continue as workers reject latest contract proposal

Factory workers vote against company’s latest offer six weeks into strike that has stopped production of aerospace giant’s bestselling jetliners

International Business Times

Boeing Workers Reject Contract, Extend Strike: Union

Boeing workers in the Seattle region decisively rejected the company's latest contract offer on Wednesday, extending the nearly six-week strike.

Fortune

Boeing's new CEO says the company will be 'iconic' again—even after losing more than $6 billion last quarter

CEO Kelly Ortberg outlined “fundamental” changes to the aircraft manufacturer ahead of Wednesday’s earnings.

International Business Times

Boeing Reports $6.2 Bn Loss On Strike, Defense Contract Woes

Boeing reported a whopping $6.2 billion quarterly loss Wednesday as a nearly six-week labor strike weighed on its commercial plane division and costly problems dragged down its defense and space business.

The Guardian - UK

Sports Direct owner Frasers walks away from Mulberry bid; oil tumbles, dollar rallies – as it happened

Gold hits record high as conflict in the Middle East prompts investors to seek safe-haven assets

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