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Stock impact report

Boeing to lay off nearly 2,200 WA workers in December [Yahoo! Finance]

Boeing Company (The) (BA) 
Last boeing company (the) earnings: 4/29 07:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
struggles to recover from financial and regulatory trouble as well as an eight-week strike by its machinists' union. The news came in a Worker Adjustment and Retraining (WARN) announcement filed with the Washington State Employment Security Department. Last week, Boeing delivered layoff notices to more than 400 members of its professional aerospace labor union. The pink slips went out last week to members of the Society of Professional Engineering Employees in Aerospace, or SPEEA. The workers will remain on the payroll through mid-January. Boeing announced in October that it planned to cut 10% of its workforce, about 17,000 jobs , in the coming months. CEO Kelly Ortberg told employees the company must "reset its workforce levels to align with our financial reality." The planned cuts include workers at Boeing facilities across the country, from Washington to Missouri to Arizona to South Carolina, The Seattle Times reported. They also appeared to impact workers in all three of B Show less Read more
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