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 is also continuing with plans to cut about 17,000 jobs. Meanwhile, the strike exacerbated inventory and storage ...
Earlier this year, we reported on the DEI troubles at Boeing, which an insider described in this way: “DEI is the drop you ...
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 ...
Boeing CEO Kelly Ortberg announced on Friday that employees who were furloughed during the strike will be repaid.
Boeing furloughed thousands of salaried employees on a rolling basis after the strike by 33,000 union machinists began in September and halted production of its best-selling 737 MAX. But the ...
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Spirit AeroSystems plans no additional furloughs or layoffs after Boeing strike endsWichita-based Spirit AeroSystems says it is not planning to implement additional furloughs or layoffs after Boeing workers ...
CEO Kelly Ortberg issued a message to staff who were furloughed during the machinists’ strike Thursday saying the company ...
Boeing and its striking union returned to the bargaining table Tuesday for the first talks since the union turned thumbs down ...
"We would not be surprised to see another such arrangement be announced," a prominent Wall Street aerospace sector analyst ...
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