Plane maker’s stock tumbled 42%
A worker pickets outside the Boeing Co manufacturing facility during a strike in Renton, Washington, the United States, on Oct 3, 2024.
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Plane maker’s stock tumbled 42%
A worker pickets outside the Boeing Co manufacturing facility during a strike in Renton, Washington, the United States, on Oct 3, 2024. (Photo: Bloomberg)
BERLIN – Boeing Company plans to slash its global workforce by about 10% and announced US$5 billion in charges across its commercial airplanes and defense businesses, underscoring the depths of the plane maker’s financial woes amid a crippling labour strike.
The cuts translate to roughly 17,000 positions and will include executives, managers and employees, Chief Executive Officer (CEO)…