Bad News Boeing: Here Come More Production Cuts and Layoffs [TheStreet.com]
Boeing Company (The) (BA)
Last boeing company (the) earnings: 4/29 07:30 am
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Source: TheStreet.com
16,700.That's reportedly the number of commercial airplanes sitting parked around the world amid the coronavirus pandemic and stunning drop-off in air travel.Unfortunately for Boeing(BAGet Reportto cut production of its 787 Dreamliner in halfThe Chicago-based manufacturer is expected to detail production changes to its commercial lineup, including scaling back 787 Dreamliner production by half, and also announce staff layoffs and buyouts, when it reports its first-quarter earnings next week.The scale-back in production as well as the workforce cuts come as Boeing continues to face unprecedented pressure from the coronavirus pandemic’s impact on the global airline industry and drop-off in both personal and business air travel.Still reeling from the prolonged grounding of its 737 MAX following two fatal crashes, Boeing earlier this month announced voluntary buyout offers for its roughly 160,000 employees, which CEO David Calhoun said would help avoid “other workforce actions.”The U.S. p
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BA
Earnings
- 10/29/25 - Miss
BA
Sec Filings
- 12/3/25 - Form 4
- 12/3/25 - Form 4
- 12/3/25 - Form 4
- BA's page on the SEC website