Boeing's CFO delivered a sobering update to employees as the machinist strike rages on threatening the near-term future of the plane maker's financial position.
Boeing says they are instituting a range of cost-cutting measures as they prepare for a drawn-out and expensive strike by workers near Seattle, including a hiring freeze and temporary furloughs. Sid P
US planemaker says strike of about 33,000 workers, which began last week, ‘jeopardizes recovery in a significant way'
Boeing CFO Brian West announced a hiring freeze and a halt for ordering parts for multiple planes in an internal memo obtained by CNBC Monday morning. The company is also considering furloughs of comp
Boeing Chief Financial Officer Brian West said the "strike jeopardizes our recovery in a significant way and we must take necessary actions to preserve cash and safeguard our shared future."
CNBC's Phil LeBeau reports on news from Boeing.
Boeing BA -1.24%decrease; red down pointing triangle said it would freeze hiring and delay pay increases for its salaried workforce as the jet maker grapples with financial fallout from a strike launc
While Moody's Ratings placed the credit on review for a possible downgrade Friday on fears the strike will put more pressure on free cash flow, and Fitch Ratings said it's badly timed, S&P said its ra
Boeing is pausing hiring and taking sweeping steps to conserve cash after about 33,000 workers went on strike on Friday including considering temporary furloughs for many employees.
More than 30,000 Boeing factory workers began a strike on Friday after overwhelmingly voting down a new contract. Boeing's CFO said Friday that the company is focused on conserving cash.
Zacks.com users have recently been watching Boeing (BA) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
The S&P 500 has been trading within 10% of its all-time high price, which means most investors and stocks could be doing great by following the overall market trend. However, that's not the case today
Eric Dezenhall, Dezenhall Resources chairman, joins 'Squawk Box' to discuss Boeing's contract negotiations with union leaders, what's at stake for the company, the challenges facing Boeing's new CEO,
Boeing will pay Embraer a gross amount of $150 million over its decision to walk away from talks for a commercial aviation tie-up in 2020, the Brazilian planemaker said on Monday.
Boeing bosses are staring down the barrel.
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