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The Latest Breaking News from Kelly Ortberg

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

OBR moving to ‘trust but verify’ relationship with Treasury after ‘black hole’ row – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

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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

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

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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

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

The Guardian - UK

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.

Fortune

Boeing CEO admits to a major failure amid recent criticism

Boeing's new CEO just addressed some of the company's most pressing issues.

The Street

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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.

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

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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.

International Business Times

Troubled Boeing Faces Investors And Awaits Strike Vote

Boeing will be under a spotlight Wednesday as the beleaguered aviation giant announces what is expected to be its biggest quarterly loss in four years, and striking employees vote on whether to end a costly weeks-long stoppage.

The Independent UK

Boeing is expected to report a big Q3 loss, then wait for results of vote by striking workers

It's a big day for Boeing

The Street

Analysts revamp Boeing stock price targets on strike deal

A contract vote by 33,000 striking workers comes Oct. 23.

The Street

Boeing makes a harsh decision to repair its finances amid strike

The aerospace company announced a major cost-cutting move as thousands of its workers continue to strike.

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