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Another Boeing supplier is laying off workers over the 737 Max production halt, days after ousted CEO Dennis Muilenburg got a $62 million payout (GE)

REUTERS/Lindsey Wasson/File Photo Another Boeing supplier is laying off staff as companies providing parts.....»»

Category: topSource: businessinsiderJan 14th, 2020

Another Boeing supplier is laying off workers as it scrambles to deal with the 737 Max production halt (GE)

REUTERS/Lindsey Wasson/File Photo Another Boeing supplier is laying off staff as companies providing parts.....»»

Category: topSource: businessinsiderJan 14th, 2020

Boeing"s fired CEO got his $62 million payout confirmed the same day 2,800 people in the 737 Max supply chain were laid off

Dennis Muilenburg, the recently-ousted CEO of Boeing, is leaving with a $62 million payout, the company said Friday. The substantial award comes despite being fired for poor handling of the fatal crashes, .....»»

Category: topSource: businessinsiderJan 10th, 2020

A major Boeing supplier in Kansas is laying off 2,800 workers because of the 737 Max production halt (SPR)

Nick Oxford/Reuters An aerospace supplier t.....»»

Category: topSource: businessinsiderJan 10th, 2020

Boeing dismisses CEO Muilenburg to restore confidence over 737 MAX crisis

Boeing Co has ousted Chief Executive Dennis Muilenburg in an attempt by the world's biggest planemaker to restore confidence as a prolonged crisis has seen it halt production of its best-selling 737 MAX jetliner following two fatal crashes......»»

Category: topSource: reutersDec 23rd, 2019

Boeing fires CEO Muilenburg to steady spiraling 737 MAX crisis

Boeing Co ousted Chief Executive Dennis Muilenburg as the world's biggest planemaker sought to control an escalating crisis that has seen it halt production of its best-selling 737 MAX jetliner following two fatal crashes......»»

Category: topSource: reutersDec 23rd, 2019

Boeing supplier lays off dozens amid 737 Max production halt

Senior Aerospace AMT, an aerospace supplier that makes parts for Boeing 737 Max and other jets, will lay off 72 workers later this week. The layoffs were revealed by the Washington state Employment Security Department, which said it received a WARN no.....»»

Category: topSource: bizjournalsFeb 4th, 2020

Arlington-based supplier lays off dozens amid 737 Max production halt

Senior Aerospace AMT, an Arlington-based aerospace supplier that makes parts for Boeing 737 Max and other jets, will lay off 72 workers later this week. The layoffs were revealed by the Washington state Employment Security Department, which said it .....»»

Category: topSource: bizjournalsFeb 4th, 2020

Plane crash victims’ families ‘sickened’ by fired Boeing CEO’s $62 million payout

Relatives of those who died in the crashes of 737 Max jets say the massive payout to Dennis Muilenburg is yet another example of how Boeing has put profits ahead of safety......»»

Category: topSource: washpostJan 13th, 2020

"Harsh Blow" – Boeing Supplier Cuts 2,800 Jobs Amid 737 Max Production Halt

"Harsh Blow" – Boeing Supplier Cuts 2,800 Jobs Amid 737 Max Production Halt Just as Boeing's departing CEO deployed his $62.2 million golden parachute last month as the 737 Max crisis persists, the.....»»

Category: blogSource: zerohedgeJan 12th, 2020

Boeing"s ousted CEO departs with $62 mln, even without severance pay

Boeing Co's ousted chief executive officer, Dennis Muilenburg, is leaving the company with $62 million in compensation and pension benefits but will receive no severance pay in the wake of the 737 MAX crisis......»»

Category: topSource: reutersJan 10th, 2020

Fired Boeing CEO will receive more than $60 million

Dennis A. Muilenburg, who was ousted as Boeing’s chief executive last month as the company contended with the biggest crisis in its history, will leave the company with more than $60 million, t.....»»

Category: topSource: moneycentralJan 10th, 2020

Fired Boeing CEO will receive more than $60 million

Dennis A. Muilenburg, who was ousted as Boeing’s chief executive last month as the company contended with the biggest crisis in its history, will leave the company with more than $60 million, t.....»»

Category: topSource: moneycentralJan 10th, 2020

Boeing follows CEO ouster with 737 MAX freeze across supply chain

After hinting that production on the 737 MAX might not completely halt across its supply chain, the Boeing Co. quickly followed the announced departure of CEO Dennis Muilenburg with word that all its MAX vendors will halt deliveries in the near term......»»

Category: topSource: bizjournalsDec 26th, 2019

Boeing ditches CEO Muilenburg in bid to contain 737 MAX crisis

Boeing Co has fired its Chief Executive Dennis Muilenburg, seeking to restore confidence after two fatal crashes forced the world's biggest planemaker to halt production of its best-selling 737 MAX jetliner......»»

Category: topSource: reutersDec 23rd, 2019

Trump called Boeing CEO to inquire about 737 MAX production halt: sources

U.S. President Donald Trump called Boeing Chief Executive Dennis Muilenburg this week to ask about the status of 737 MAX production, two people briefed on the matter confirmed......»»

Category: topSource: reutersDec 19th, 2019

Trump called Boeing’s CEO Sunday on potential max output halt

U.S. President Donald Trump called Boeing Co. to ask Chief Executive Officer Dennis Muilenburg about the company’s health, the day before the planemaker said it would suspend production of the grounded 737 Max, a person familiar with the matter said......»»

Category: topSource: moneycentralDec 19th, 2019

Boeing may cut or halt 737 output if return to service delayed

Boeing does not rule out further reducing or temporarily shutting down production of its grounded 737 MAX aircraft if its estimates on the timing of a return to service have to be revised, Chief Executive Dennis Muilenburg said Wednesday......»»

Category: topSource: moneycentralJul 24th, 2019

Boeing may cut or halt 737 output if return to service delayed

Boeing does not rule out further reducing or temporarily shutting down production of its grounded 737 MAX aircraft if its estimates on the timing of a return to service have to be revised, Chief Executive Dennis Muilenburg said Wednesday......»»

Category: topSource: moneycentralJul 24th, 2019

Boeing parts supplier Spirit AeroSystem shuttering San Antonio office

Spirit AeroSystems Inc. announced the closure of a San Antonio manufacturing plant due to the ongoing grounding of Boeing's 737 MAX. The Wichita, Kansas-based company is shutting down its San Antonio office and laying off 72 local workers. The l.....»»

Category: topSource: bizjournalsJul 23rd, 2020

Boeing restarted 737 Max production just hours after saying it would lay off thousands of workers (BA)

JASON REDMOND/AFP/Getty Boeing has resumed production of the 737 Max, the same day it announced it was laying off nearly.....»»

Category: topSource: businessinsiderMay 27th, 2020