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BOEING FURLOUGHED EMPLOYEES
Airlines warn US government shutdown may slow flightsU.S. airlines warn a partial federal government shutdown would severely strain American aviation, forcing air traffic controllers and secur...- Boeing to repay furloughed staff, proceed with job cutsBoeing CEO Kelly Ortberg announced that employees furloughed during the recent strike will receive back pay for lost wages. However, the co...
- Boeing to cut 17,000 jobs and delay first 777X delivery as strike hits financesBoeing will cut 17,000 jobs, delay 777X jet deliveries by a year, and record $5 billion losses due to an ongoing strike by West Coast worke...
- Boeing halts talks, withdraws pay offer to striking unionBoeing announced on Tuesday that it has withdrawn its pay offer to approximately 33,000 U.S. factory workers as a strike approaches its fou...
- US weekly jobless claims rise moderatelyUnemployment claims rose slightly last week, with Hurricane Helene and strikes at Boeing and ports potentially distorting short-term labor ...
- US weekly jobless claims unexpectedly fallThe number of Americans filing new unemployment claims fell unexpectedly last week, indicating a low level of layoffs. Initial claims dropp...
- Boeing makes a 'final offer' to striking workers, but union says it's not good enoughBoeing has made a final offer to striking machinists, proposing bigger raises and larger bonuses. However, the union has rejected the propo...
- Boeing's space and defense chief Ted Colbert exits in new CEO's first executive moveBoeing's space and defense unit head Ted Colbert is leaving the company, with Steve Parker temporarily taking over. New CEO Kelly Ortberg a...
- Boeing cuts spending amid strike, considers furloughsBoeing has announced significant spending cuts, including a hiring freeze and potential furloughs, in response to a factory worker strike i...
- US government shutdown: What closes, what stays open?All eyes are the Congress now. Here is what will happen if it fails to provide funding for the fiscal year starting October 1.
- Richard Branson's Virgin Orbit files for bankruptcy, to seek buyerThe Long Beach, California-based company lodged the filing in the U.S. Bankruptcy Court for the District of Delaware seeking a sale of its ...
- Branson's Virgin Orbit files for bankruptcyThe Long Beach, California-based company lodged the filing in the U.S. Bankruptcy Court for the District of Delaware seeking a sale of its ...
- Bank of England set to stay split on QE after inflation jumpEconomists expect Haldane to retain this stance when the BoE announces its latest policy decision on Thursday and are looking to see if oth...
- UK redundancies hit record high as job market slumps in Q3A record 314,000 British workers were made redundant in the three months to September, 181,000 more than in the second quarter, the Office ...
- Covid 19 impact: Jobs are being wiped out at airlines worldwide, and there’s worse to comeAirlines the world over have drastically cut back on flights due to border restrictions and a lack of appetite for travel, particularly int...
- Australia's Qantas airline to cut 6,000 jobs as virus hitsQantas announced a plan Thursday to reduce costs by billions of dollars and raise fresh capital. The plan includes grounding 100 planes for...
- Lockdown, Day 65: India faces a jobs paradoxA United Nations University study estimates that 104 mn Indians could fall below the World Bank-determined poverty line of $3.2 a day for l...
- Day 18: Maharashtra, Bengal extend lockdown as Centre mulls a country-wide extensionMaharashtra and West Bengal became the latest states to extend the lockdown period, after similar moves by Odisha and Punjab earlier this w...
- Boeing to offer voluntary layoffs to employees to tide over coronavirus fallout: SourcesBoeing Chief Executive Dave Calhoun is expected to detail a voluntary layoff plan in a memo to employees as early as Thursday, the second p...
- Planes grounded, Jet Airways sends expat pilots on leave without paySince Jet is now operating 35 of its once-upon-a-time fleet of 124 planes, the lender-led management has begun cutting this extra cost.
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