FILE PHOTO - A worker leaves the Boeing Everett Factory, amid the coronavirus disease outbreak, in Everett, Washington, U.S. March 23, 2020. REUTERS/David Ryder
“We’re going to be meeting with Boeing,” President Donald Trump told reporters on Friday. “Boeing has not asked for aid yet but I think they probably will... We can’t let anything happen to Boeing.”Boeing has noted that typically 70% of its revenue flows to its 17,000 suppliers and has told lawmakers that without significant assistance the entire U.S. aviation manufacturing sector could collapse.
This week, Boeing suspended production of its 787 airplane at its facilities in South Carolina and had indefinitely extended a halt in its production operations at its Washington state facilities. Last week, Reuters reported Boeing was looking at drastic cuts in wide-body production amid a slump in demand for the industry’s largest jetliners, citing sources.
Source: News Formal (newsformal.com)
Boeing’s offshore cash stash, unpaid taxes, and penalties
Reverse split. Capitalize the company using common stock shares
Can someone remain me? Why is it boeing getting bailed out with covid money if they did this to themselves way before the pandemic happen?
I first read this as “Boeing hires Lizard” and thought “oh that makes sense.”
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Boeing supplier furloughs 2,300 employees on closure of Boeing facilities amid COVID-19U.S. aero parts maker Triumph Group Inc said it was furloughing about 2,300 employees across its U.S. and European plants for two to four weeks to cut capacity linked to Boeing commercial aircraft programs amid the coronavirus outbreak. starting to hit close to home,spouse works for a Raytheon type plant, provides aluminum core and other special processes used in aerospace and some other projects. She's quality administrator there for 25 years Her plant is required to stay open by D.O.D and Homeland security
Source: Reuters - 🏆 2. / 97 Read more »
Boeing considering 10% payroll cut after coronavirus pandemic shuts down plane manufacturingNo decision has been reached yet but the final reduction would likely include voluntary layoffs, early retirements, natural attrition and potentially mandatory layoffs. Issue stock or debt!!! This is one of those shitty companies that needs to hurry up and die so it can be replaced with a more efficient, responsible version of itself. And if that doesn't happen, let the next one die too. Stop propping up shitty, zombie companies. because the planes that they were making were already sooo good. 🙄
Source: CNBC - 🏆 12. / 72 Read more »
Boeing considers potential 10% cut to workforce: WSJBoeing Co is considering a plan to cut its workforce by about 10%, which could involve buyouts, early retirements and involuntary layoffs, the Wall Street Journal reported on Thursday. Bullish I will buy a Boeing company soon waiting for me Wasn't there a package to save workers given to Boeing? So they get money and job cuts as well
Source: Reuters - 🏆 2. / 97 Read more »
WSJ News Exclusive | Boeing Considers Potential 10% Cut to WorkforceBoeing is considering a plan to reduce its workforce by about 10%, people familiar with the matter said, as the aerospace giant grapples with the fallout from the coronavirus pandemic Where should they go? If Pelosi passes the infrastructure bill they don’t need to go unemployed I’m sure it has nothing to do with the tech issues that resulted in several crashes and grounded an entire product line. I know why i choose not to go in the airplane. I actually chose the hard way to travel. I hitchiked across the country and saw many things and met some worthwile people..i liked seeing the country.
Source: WSJ - 🏆 98. / 63 Read more »
Trump Promises U.S. Will Do 'Whatever is Necessary' to Help Boeing After It Says It's Exploring Laying Off 10 Percent of WorkforcePresident Donald Trump said Friday that the U.S. 'can't let anything happen to Boeing.' And when asked if a bailout would be contingent on Boeing retaining staff he avoided the question It gives me such a warm fuzzy to watch the president hand pick who to help. Lemme guess. Too big to fail?
Source: Newsweek - 🏆 468. / 52 Read more »
More UK banks join scheme to help virus-hit small firmsBritain has approved four new lenders to offer government-backed loans to struggling small businesses damaged by the coronavirus outbreak, under the multi-billion pound Coronavirus Business Interruption Loan Scheme (CBILS). Steal a trillion, lend a billion, get all the good press from our subsidiaries. Fool proof. This headline could be better. This is wrong. The virus clearly doesn't need any more help.
Source: Reuters - 🏆 2. / 97 Read more »