Latest in Southwest Offers Buyouts and Blames Boeing for Job Cuts
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Southwest Offers Buyouts and Blames Boeing for Job Cuts
The embattled carrier will lay off airport workers in several locations as it cuts flights due to a shortage for Boeing 737 aircraft.Business - Inc. - Yesterday -
Boeing competitor Airbus to cut up to 2,500 jobs in space, defense sector
Boeing competitor Airbus on Wednesday announced it would take steps to cut 2,500 jobs in the company’s defense and space division through the middle of 2026. Airbus said the job cuts would result ...Politics - The Hill - October 17 -
Boeing to Repay Furloughed Staff and Cut 10 Percent of Jobs
Boeing furloughed thousands employees in the wake of the strike by 33,000 union machinists.Business - Inc. - 3 days ago -
What Boeing is offering to striking machinists
Boeing machinists began voting Wednesday on a new contract offer from the company to potentially end their nearly six-week-long strike. CBS News senior transportation correspondent Kris Van Cleave ...Top stories - CBS News - October 23 -
Boeing to Bring New Offer in Attempt to End Strike
Boeing’s machinist strike is nearing its second month.Business - Inc. - October 19 -
Boeing factory workers reject latest contract offer
Vote deals blow to new chief executive’s plan to stabilise businessBusiness - Financial Times - October 24 -
Eye Opener: Boeing workers reject contract offer
Boeing workers have rejected another contract offer, extending their strike. Meanwhile, the White House confirms that troops from North Korea have started training with Russian forces. All that and ...Top stories - CBS News - October 24 -
Boeing Workers Reject Pay Offer as Strike Continues
Strikers rejected a proposal for a 35 percent pay increase over four years by a nearly two-thirds margin.Business - Inc. - October 24 -
Boeing Makes Another Offer to End Machinists Strike
The company is offering a 38% wage increase over four years in its latest proposal. That is up from its original offer of 25%, which was overwhelmingly rejected by a union local representing ...Business - The Wall Street Journal - October 31 -
Leonardo Revenue Beats Forecasts, But Blames Boeing's Woes For Not Raising Guidance
Growth was fueled by the defense electronics division as well as data processing for intelligence and cyber security. The company’s helicopters unit continued receiving strong orders, Leonardo said.Business - The Wall Street Journal - 6 days ago -
White House blames jobs reports on hurricanes and labor strikes
The White House on Friday blamed the stall in job growth in October on the hurricanes and labor strikes in recent weeks. The U.S. added 12,000 jobs and the jobless rate stayed flat at 4.1 percent ...Politics - The Hill - November 1 -
Intesa Sanpaolo unveils plans to cut 9,000 jobs
Italy’s largest bank wants to reduce costs by accelerating its digital transformationBusiness - Financial Times - October 23 -
Queen's University to cut jobs as it faces £11m deficit
The university told BBC News NI it is planning to cut the jobs through a voluntary redundancy scheme.Top stories - BBC News - October 25 -
Job cuts 'inevitable' over £30m university deficit
Dundee University has told staff it faces "an extremely challenging period" for the higher education sector.Top stories - BBC News - 5 hours ago -
Striking Boeing workers reject 35% pay rise offer
Earlier, Boeing's boss warned the firm was at a "crossroads" as losses surged to roughly $6bn.Top stories - BBC News - October 24 -
Striking Boeing workers reject latest contract offer, work stoppage continues
Over 30,000 Boeing workers will remain on the picket line after voting no on the company's latest contract offer, extending their strike to 42 days. CBS News senior transportation correspondent ...Top stories - CBS News - October 24 -
Boeing workers vote to reject company offer, continuing the strike
Striking Boeing workers voted to reject the company's latest contract proposal, in a major setback for Boeing that could also have implications on the U.S. economy. The rejected deal called for a ...Top stories - CBS News - October 24 -
Why Boeing workers rejected latest union contract offer
Striking Boeing workers rejected a contract offer that would have provided a pay raise and some improvements to benefits because it did not include a pension, a deal-breaker for many. CBS News' ...Top stories - CBS News - October 24 -
Boeing union backs sweetened contract offer that could end strike, sets vote for Monday
The unionized machinists walked off the job on Sept. 13, halting most of Boeing's aircraft production.Business - CNBC - November 1 -
Boeing raises pay offer in bid to end seven-week strike
The union representing more than 30,000 striking workers endorsed the offer and will hold a ballot on Monday.Top stories - BBC News - November 1 -
Boeing’s bonds are offering juicy yields as hopes build for end to machinists strike
Boeing’s stock rose Friday on hopes for an end to a costly strike as members of its machinists union geared up for a third contract vote on Monday, but its bonds were also looking attractive.Business - MarketWatch - November 2 -
Boeing offers new deal to end 7-week strike: What to know
Striking Boeing machinists are set to vote Monday on a new agreement that could bring an over 7-week-long strike to its end. The International Association of Machinists (IAM), which represents the ...Politics - The Hill - November 2 -
BoE chief economist criticises statistics agency over poor jobs data
Huw Pill told ONS in private letter that efforts to fix key labour market survey ‘have not yet led to improvement’Business - Financial Times - October 22 -
October jobs forecast shaved to 110,000 after Boeing strike and hurricanes
The final U.S. jobs report before the presidential election is expected to be a crummy one, but it’s not Washington’s doing. Instead, a major strike at Boeing and a pair of deadly hurricanes would ...Business - MarketWatch - October 31 -
Boeing strike will dent last jobs report before election
Some 44,000 U.S. workers, most at Boeing, were on strike during the jobs report tally, according to the U.S. Labor Department.Business - CNBC - October 31 -
U.S. job growth in October hampered by hurricanes and Boeing strike
The Labor Department has released October's jobs report with employment growth slowed during the month due to Hurricanes Milton and Helene along with the Boeing strike. CBS News MoneyWatch ...Top stories - CBS News - November 1 -
Norwegian Air Shuttle Cuts Fleet Growth Expectation Due to Boeing Strike
Norwegian Air Shuttle tempered its fleet growth expectations for next year due to a strike at Boeing, in the latest sign of how issues at the U.S. plane maker are disrupting airlines’ expansion plans.Business - The Wall Street Journal - October 25 -
The UK Budget in five charts: Reeves limits BoE space for rate cuts
Central bank is nevertheless still likely to ease policy this year and nextBusiness - Financial Times - October 30 -
BoE expected to cut interest rates despite looser fiscal policy
UK central bank focused on longer-term picture of slowing inflation even as Budget predicted to increase near-term demandWorld - Financial Times - November 4 -
Former aide Sue Gray rejects Starmer’s job offer
Ex-chief of staff had been lined up for part-time role as link with devolved nations and regionsBusiness - Financial Times - 2 days ago -
Far-right leaders are winning across the globe. Blaming ‘the economy’ or ‘the left-behinds’ won’t cut it | Richard Seymour
The economy matters, but the likes of Trump succeed by offering voters revenge for problems both real and imagined. Donald Trump, for the first time, won a majority of the popular vote. He took the ...World - The Guardian - 3 days ago -
Would a Strong Job Market Stop Fed Rate Cuts? This Official Says No.
Mary C. Daly, the president of the Federal Reserve Bank of San Francisco, said that the central bank shouldn’t act “out of fear.”Business - The New York Times - October 15 -
Airbus to cut up to 2,500 jobs at defence and space unit
Planned reductions are a response to cost increases and stiffening competitionBusiness - Financial Times - October 16 -
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PPG to Cut 1,800 Jobs, Shrink Costs With Sale of Architectural-Coatings Biz
PPG agreed to sell its architectural-coatings business in the U.S. and Canada to private-equity firm American Industrial Partners for $550 million, and outlined cost and job cuts.Business - The Wall Street Journal - October 17 -
Volkswagen plans to close at least 3 German plants and cut thousands of jobs
Europe’s largest carmaker tells works council it would slash pay by 10%Business - Financial Times - October 28 -
Europe's Auto Woes Continue as Michelin, Schaeffler Plan Job Cuts
Michelin and Schaeffler said they plan to close factories and cut thousands of jobs in Europe as car-part suppliers reel from weakness in the automotive sector.Business - The Wall Street Journal - November 5
