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Boeing enters $10 billion credit agreement
Boeing enters $10 billion credit agreement as striking workers bleed company
Boeing entered the agreement as it fights with striking workers costing the company roughly $1 billion a month.
Boeing enters $10 billion credit agreement as it moves to boost liquidity
Boeing Co.'s stock rose 2.8% premarket Tuesday, after the aerospace giant said it has entered a $10 billion supplemental credit agreement with a group of banks, easing concerns about its liquidity position.
Boeing enters $10 billion credit agreement with banks amid crippling strike
Boeing said on Tuesday it has entered a credit agreement worth $10 billion with a consortium of banks, as the U.S. planemaker readies financing sources amid a crippling strike and upcoming debt maturities.
Boeing Plans 17,000 Job Cuts
Boeing Plans 17,000 Job Cuts as CEO Ortberg Shakes Up Plane Maker
KEY TAKEAWAYS Boeing shares fell Monday after the troubled plane maker announced a slew of cost-cutting measures and billions of dollars of upcoming charges.The measures are among the most radical taken by CEO Kelly Ortberg,
Boeing layoff plan suggests deep white-collar job cuts
The Boeing layoffs announced last week will all be involuntary. And Machinists union members will, for now, not be laid off, implying heavy cuts among white-collar staff.
Boeing Stock Slips After Plane Maker Says It Will Cut 10% of Workforce
Boeing shares (BA) fell about 2% in morning trading after Citi cut its price target on the stock. Late Friday, the plane maker said it would cut roughly 17,000 jobs, and warned of deeper losses in its operations.
11h
on MSN
Boeing CEO Kelly Ortberg needs to change the company culture, says Yale's Gautam Mukunda
Gautam Mukunda, professor of management at the Yale School of Management, joins 'Squawk Box' to discuss the state of the ...
7h
on MSN
Boeing to send pink slips to thousands of workers within weeks as January layoffs loom: report
Boeing will be sending out thousands of layoff notices after CEO Kelly Ortberg last week announced the company would be ...
KEYT
14m
Troubled Boeing signals it may raise up to $25 billion to shore up finances
Boeing is moving toward raising up to $25 billion to shore up its troubled financial position. The company signaled ...
8h
Boeing 777X delayed again, and airlines are not pleased
"On the 777X program, the challenges we have faced in development, as well as from the flight test pause and ongoing work ...
Journal Record
17h
Boeing will lay off 10% of employees
Boeing plans to lay off about 10% of its workers in the coming months, about 17,000 people, as it continues to lose money and ...
3d
Kelly Ortberg
Boeing CEO Kelly Ortberg wrote in a memo that the aerospace giant is cutting 10% of its 170,000 workforce. The Oakland County ...
devdiscourse
4h
Boeing Workers Intensify Wage Battle Amid Financial Strain
Boeing's Seattle factory workers rally to demand better wages amid a strike involving over 30,000 employees. With Boeing ...
5h
Boeing expects ‘substantial’ losses in its defense work. That could hurt St. Louis jobs.
There was a time when it was thought that the company’s defense side could compensate for struggles in its commercial line of business, experts said.
13h
on MSN
Boeing factory workers will stage rally in Seattle as strike enters fifth week
Financial article discussing Boeing factory workers rallying for better pay to end strike, impacting production of key ...
5h
on MSN
Boeing looks to issue new stock as part of $35 billion liquidity plan
The company could issue $25 billion in shares or debt and also revealed a new $10 billion credit agreement with major lenders ...
9h
on MSN
Boeing’s crisis is getting worse. Now it’s borrowing tens of billions of dollars
Cash-starved Boeing, contending with massive financial losses from a crippling strike and years of operational and safety ...
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