The Latest Breaking News from Kelly Ortberg

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 · Oct 23, 2024

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 · Oct 23, 2024

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 · Oct 23, 2024

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 · Oct 12, 2024

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 · Oct 12, 2024

Boeing cuts 10% of workforce

The aircraft manufacturing giant blamed work stoppages for its spiraling fortunes

Salon · Oct 12, 2024

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…

France 24 · Oct 11, 2024

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

Boeing is announcing layoffs

The Independent UK · Oct 11, 2024

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.

Fortune · Oct 11, 2024

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'

International Business Times · Oct 5, 2024