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The Latest Breaking News from Kelly Ortberg

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

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

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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

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

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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

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

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

Boeing is announcing layoffs

The Independent UK

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

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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'

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.

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news in one place.

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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.

International Business Times

Boeing To Start Large-scale Furloughs With Seattle Strike Talks Stalled

Boeing said Wednesday it would start furloughs of professional and white-collar staff as it seeks to conserve cash amid a labor strike that shuttered Seattle manufacturing plants -- while talks with a union stalled.

The Independent UK

Boeing CEO says the company will begin furloughs soon to save cash during labor strike

Boeing’s CEO says the company will begin laying off a large number of employees to save cash during the strike by union machinists

Fortune

'A death spiral of its own making': Boeing halts hiring, raises, and non-essential travel after thousands of workers walk off the job

No word on whether that means the CEO's private jet is still allowed.

Fortune

As Boeing's workers strike, CEO Kelly Ortberg may need to pay up

Boeing announced cost-cutting measures Monday as rating agencies consider downgrading its debt to junk and the stock falters.

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