Reported about 4 hours ago
Boeing has announced a larger-than-expected loss and plans to cut around 17,000 jobs, citing ongoing difficulties including a strike that symbolizes broader issues the company has faced over the past ten years. Despite the strike potentially ending, layoffs will continue as part of a strategy to reshape the company. The new CEO aims to mend employee relations and restore production, though Boeing is struggling with cash flow and operational hurdles amid the challenges.
Source: YAHOO