Boeing Stock News

Boeing last week notified 220 employees who assemble the 787 Dreamliner aircraft at a Charleston-based facility that they would be let go, according to a report.

Boeing workers across the U.S. are learning about a round of layoffs, with most workers impacted currently working in the state of Washington.

Boeing Co (NYSE:BA, ETR:BCO) has moved to lay off 2,500 staff in the US under plans for sweeping cuts unveiled last month. Almost 2,200 staff in Washington alone have been issued layoff notices, alongside a further 220 in South Carolina, with Boeing building commercial jets in the two states.

Spirit Airlines' complicated situation. Boeing requires long-term investment due to ongoing balance sheet repairs and credibility issues, despite a recent capital raise.

Several hundred engineers and production workers were among those who received pink slips last week.

Boeing is laying off nearly 2,200 workers in Washington State, a Worker Adjustment and Retraining Notification (WARN) showed on Monday.

The Boeing Company NYSE: BA has had a tumultuous 2024 mired by regulatory issues, negative publicity, lay-offs, rising debt, stock dilution, and mounting losses capped off by a 33,000 worker machinists' union strike.

Boeing faced significant challenges in 2023, including the 737 MAX accident, Starliner issues, and a strike impacting production and deliveries. Despite a year-on-year decline, Boeing secured $5 billion in airplane orders in October, with continued demand for the 737 MAX and Chinese market deliveries. Boeing's deliveries hit a multi-year low due to the strike, with a 25% decline in units and 27...