BOEING LAYOFFS
Who was Josh Dean, the whistleblower who died mysteriously? What's his connection with Boeing? Here's all
Joshua Dean, a former quality auditor at Spirit AeroSystems, has passed away after accusing the company of ignoring manufacturing defects in Boeing's 737 MAX parts. His death follows that of another Boeing whistleblower, John Barnett. Dean's allegations, including a significant production flaw and a subsequent cover-up by Spirit, have raised concerns about safety standards in the aviation industry. His passing underscores the challenges faced by whistleblowers and the importance of ensuring accountability and transparency in aerospace manufacturing.
How production pressures plunged Boeing into yet another crisis
Boeing's recent safety crisis, stemming from a 737 MAX incident, has raised questions about the company's quality controls. The pressure to increase production, coupled with an exodus of experienced workers, led to manufacturing defects. Boeing's quality division saw controls weaken in recent years as experienced inspectors left during the pandemic, and the company struggled to maintain the production recovery schedule.
The Great Layoffs: Half a million job cuts could just be the tip of iceberg
The COVID-19 pandemic led to a shift in demand to digital and remote work and opened up business opportunities for white-collar firms, but productivity trends have returned to pre-pandemic levels, and automation trends pose a risk to white-collar job security. More than 500,000 job cuts, including consultants and technology firms, have been announced worldwide since October 2021.
Richard Branson’s brainchild Virgin Orbit lays off 85% of its workforce
The layoffs will affect 675 employees of the space company, according to the filing. The company attributed the layoffs to its inability to secure meaningful funding.
Charting the global economy: Fed, BOE, SNB push ahead with hikes
The central banks in US and UK increased policy rates by a quarter point while policymakers in Switzerland went for a half point.
Aerospace suppliers face competition for hires from planemakers
Aerospace suppliers are gearing up for a hiring spree in 2023 but could face stiff competition for skilled laborers, including from their top customers - planemakers Boeing and Airbus.
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Boeing plans to cut about 2,000 finance and HR jobs in 2023
"We expect about 2,000 reductions primarily in Finance and HR through a combination of attrition and layoffs," Boeing said in a statement Monday. "While no one has been notified of job loss, we will continue to share information transparently to allow people to plan."
Boeing says it will layoff about 2,000 white-collar employees in finance and HR
Last month, the Arlington, Virginia-based company announced it would hire 10,000 workers in 2023 after hiring 15,000 people in 2022, but said some support positions would be cut.
An era of digital lay-offs: How Twitter's mass-firing made people more vocal on social media
Twitter's mass firings have made layoffs a viral phenomenon.
Boeing CEO waived pay but got compensation worth $21 million
Calhoun, who became CEO in January 2020, received USD 269,231 in salary for the period before he disavowed his salary in March.
Boeing to outsource IT work to Dell, eliminate 600 jobs
Boeing declined to provide a breakdown of the affected jobs by state.
US NTSB team arrives in Indonesia to look into jet crash
The team also comprises representatives from the U.S. Federal Aviation Administration, Boeing and General Electric. They joined personnel from Singapore's Transportation Safety Investigation Bureau at the search and rescue command center at Tanjung Priok port in Jakarta to see some of the plane debris.
Smallest job gains in five months expected as US labor market momentum wanes
The Labor Department's closely watched employment report on Friday will underscore the challenges the next president confronts to keep the economy growing as it heals from the deepest recession since the Great Depression.
Battered by pandemic, Boeing cutting 30,000 jobs in two years
A steep drop in commercial plane travel has prompted airlines to cancel plane orders or defer deliveries, crimping Boeing's revenues.
UK to officially enter recession; data set to reveal depths of coronavirus-fueled GDP contraction
The Office for National Statistics (ONS), which is due to unveil the latest assessment at 0600 GMT, is uniformly expected to confirm the unprecedented contraction between April and June.
US manufacturing activity near 1-1/2-year high, factory job losses persist
The ISM said its index of national factory activity raced to a reading of 54.2 last month from 52.6 in June.
Emirates to lay off more pilots, cabin crew: Sources
The Dubai state airline laid off hundreds of pilots and thousands of cabin crew on Tuesday in a bid to stave off a cash crunch caused by the coronavirus pandemic, sources told Reuters.
Coronavirus unleashing new wave of U.S. layoffs
In a separate report on Thursday, the Commerce Department said gross domestic product contracted at a 5.0% annualized rate in the first quarter, the deepest drop in output since the 2007-09 Great Recession, rather than the 4.8% pace estimated last month.
Boeing slashes 12,000 jobs as virus seizes travel industry
The layoffs are expected to be concentrated in the Seattle area, home to Boeing's commercial-airplanes business. The defense and space division is stable and will help blunt the impact of the decline in air travel and demand for passenger jets.
Britain's Rolls-Royce to cut 9,000 jobs amid air travel slump
Rolls-Royce, which makes engines for planes such as the Boeing 787 and Airbus 350, said on Wednesday it could also close factories as it shrinks to fit the smaller market it expects to emerge from the crisis. The cuts follow a 2018 programme to axe 4,600 jobs, although 1,000 job losses outstanding from that round are included in the 9,000.
Boeing to cut staff, plane output after big Q1 loss
The aerospace giant plans to reduce its workforce by 10 percent through a combination of voluntary and involuntary layoffs and will slash production of its main commercial planes, including the 787 and 777, Chief Executive David Calhoun said in a message to employees that accompanied an earnings release.
Boeing to cut staff by 10% amid coronavirus pandemic
Boeing will need to make "even deeper reductions in areas that are most exposed to the condition of our commercial customers - more than 15% across our commercial airplanes and services businesses, as well as our corporate functions," Boeing Co CEO Dave Calhoun said.
Boeing, Intel weigh on Dow as investors wary of economic recovery
The Dow Jones Industrial Average was down 56.16 points, or 0.24 per cent, at 23,459.10.
Wall Street gains on Boeing surge and coronavirus drug hopes
The Nasdaq added 6.1% for the week and registered its biggest two-week percentage gain since 2001.
China's IT sector saw massive layoffs in 2018: state media
"In June, hundreds of P2P lenders fell like dominoes. Two months later, the revenue of image editing software developer Meitu fell 5.9 per cent year-on-year, reporting a USD 127 million net loss," a write-up in the state-run Global Times said.
As Boeing booms, robots rise and job growth lags
At its sprawling plant in Everett, Washington, Boeing has installed robotic arms to drill and rivet together fuselages for the 777 jetliner.
SpiceJet may consider layoffs ahead of proposed investment
SpiceJet may consider retrenching a section of its around 5000 employees ahead of the proposed fund infusion by the potential investors in the company.
Global Cos plan large scale layoffs, Indians spared
More than 1,35,000 job cuts have been announced by just about a dozen multi-national companies in past few months.
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