Boeing to ax 10 percent of workers, slow 787 Dreamliner production

Boeing to ax 10 percent of workers, slow 787 Dreamliner production

Boeing is sharply reducing production of its widebody planes and aims to cut its 160,000-person workforce by 10%, the company said Wednesday while announcing its second quarterly loss. Boeing shares closed 5.9% higher to $139 after the company said it was confident of getting sufficient liquidity to fund operations and would have positive cash flow next year.

Chris
Chris
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