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The Latest Breaking News from Kelly Ortberg

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.

International Business Times

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.

Fortune

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

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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

The Guardian - UK

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.

International Business Times

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 Independent UK

Analysts revamp Boeing stock price targets on strike deal

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

The Street

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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.

The Street

Boeing delivered just one 737 plane this month—yes, a single plane—as manufacturing remains at a standstill

The ongoing strike of Boeing workers has halted production of the manufacturer’s most popular and dependable jet.

Fortune

Boeing lines up $35 billion in liquidity amid strike, layoffs

The company could issue $25 billion in shares or debt and also revealed a new $10 billion credit agreement with major lenders.

Fortune

Boeing to Cut 17,000 Jobs Over the Coming Months as Strikes and Safety Crises Impact the Company

Boeing's CEO stressed in a memo that "tough decisions" and "structural changes" are essential for recovery. The measure will reach executives, managers, and employees.

Latin Times

Boeing Slashing Workforce By 17,000 Amid Strike

Troubled company axing 10 percent of workforce after 33,000 walked off job, halting production of the 737 MAX, 767, and 777 jets

International Business Times

Boeing To Cut 10% Of Workforce As It Sees Big Q3 Loss

Boeing announced Friday that it plans to cut 10 percent of its workforce as it projected a large third-quarter loss in the wake of a machinist strike in the Seattle region.

International Business Times

Boeing cuts 10% of workforce

The aircraft manufacturing giant blamed work stoppages for its spiraling fortunes

Salon

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France 24

Boeing to lay off 10% of workforce as machinist strike cripples airplane production

US aviation giant Boeing plans to lay off about 10 percent of its workers in the coming months, about 17,000 people, as it projected a large third-quarter loss after a nearly month-long strike by 33,000 of its workers slowed production and caused executives to delay delivery of its 777X jet…

The Independent UK

Boeing will lay off 10% of its employees as a strike by factory workers cripples airplane production

Boeing is announcing layoffs

Fortune

Boeing to slash 10% of workforce, laying off 17,000 employees

New Boeing CEO Kelly Ortberg shared the news in a letter with employees Friday afternoon after the company reported losing nearly $10 a share in the third quarter of 2024.

International Business Times

Boeing, Striking Union Set To Resume Contract Negotiations

Company CEO Kelly Ortberg said a deal with the International Association of Machinists and Aerospace Workers 'stands as a priority for me'

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Top News

Boeing's Defense, Space & Security CEO Ted Colbert Departs

Boeing's defense unit CEO departure and financial challenges impact company's performance.

Space

Boeing Space & Defense chief Ted Colbert is leaving: reports

Ted Colbert will no longer be CEO of Boeing Defense, Space & Security, according to media reports.

International Business Times

Boeing CEO Says Ending Strike 'A Top Priority'

Ending a strike involving more than 30,000 of Boeing's Seattle-area workers is "a top priority" for the aviation giant, chief executive Kelly Ortberg said in a message to staff Friday.

The Independent UK

A strike by Boeing factory workers shows no signs of ending after its first week

Boeing has started rolling furloughs of nonunion employees as a week-old labor strike by 33,000 union machinists shows no signs of ending

International Business Times

Strike Shows Challenge To Boeing 'Reset' Of Labor Relations

In his first day at Boeing, Kelly Ortberg visited the factory floor to speak with workers on the 737 MAX program, part of the new CEO's effort to "reset" labor relations.

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