Boeing starts sending out its 2,199 layoff notices in Washington, the state where it was founded [Fortune]
Boeing Company (The) (BA)
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Source: Fortune
Boeing intends to cut almost 2,200 jobs in the US state of Washington, which is home to many of its oldest factories, according to a statement released Monday. Companies in the United States are required by law to submit a “WARN” notice (Worker Adjustment and Retraining Notification) to local authorities 60 days before any layoffs. In its notice, Boeing said it expects to start laying people off permanently starting December 20. A total of 2,199 people will be affected. The group has been plagued by production quality problems, and has just endured a strike lasting more than 50 days that paralyzed two crucial factories. On October 12, Boeing unveiled plans to reduce its global workforce by 10 percent over the coming months, without giving any further details. Boeing's employees numbered some 170,000 people at the end of last year, with close to 67,000 of them in Washington state, where the company was founded and where it produces its best-selling 737 line of aircraft, alon
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BA
Earnings
- 10/23/24 - Miss
BA
Sec Filings
- 11/19/24 - Form EFFECT
- 11/18/24 - Form 8-K
- 11/18/24 - Form 424B3
- BA's page on the SEC website