The furloughs will last for 21 days and will affect workers on the 767 and 777 programmes, the company said on Friday, confirming a report by Reuters. Production of the aircraft has been halted since ...
UK chancellor Rachel Reeves is set to hit entrepreneurs with a higher capital gains tax on the profits they make from the sale of their companies. Currently business owners pay just 10 per cent ...
Boeing had already imposed rolling temporary furloughs, but Ortberg said those will be suspended because of the impending layoffs. The company will further delay the rollout of a new plane, the 777X, ...
It will also stop building the cargo version of its 767 jet in 2027 after finishing current orders. Boeing has lost more than $25 billion since the start of 2019. About 33,000 union machinists ...