Boeing will provide Spirit AeroSystems with up to $350M cash lifeline
In April, Boeing provided a $425 million advance to support Spirit's liquidity. Spirit, Wichita's largest employer with around 12,800 full-time workers, previously disclosed it has spent all of that money, as well as the entirety of a $350 million bridge loan that was set up earlier this year.
Boeing workers who were furloughed will be getting their paychecks back, announced CEO Kelly Ortberg Thursday.
Boeing instituted rolling furloughs in September, with tens of thousands of employees asked to take off one out of every four ...
19don MSN
More than 32,000 Boeing machinists walked off the job on Sept. 13 after turning down an earlier tentative agreement.
For round two employees, their last day will be February 21, 2025. Boeing previously announced weekly furloughs. The last week of the first wave of those furloughs finishes this week for BCA and ...
Boeing is in the process of buying Spirit for $4.7 billion to reduce outsourcing and to have more control over its supply chain. The furloughs at a key supplier were announced as Boeing faced a ...
Economists estimate that the strike and rolling weekly furloughs of non-striking workers as well as temporary layoffs at Boeing's suppliers subtracted as many as 50,000 jobs from nonfarm payrolls ...
CEO Kelly Ortberg issued a message to staff who were furloughed during the machinists’ strike Thursday saying the company ...
Earlier this year, we reported on the DEI troubles at Boeing, which an insider described in this way: “DEI is the drop you ...
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