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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (13033)	10/12/2024 1:35:08 AM
From: elmatador	Respond to of 13780

Strike by 33,000 workers halts production of key jets Boeing takes $5 billion in charges Company exploring options to raise billions of dollars Boeing will cut 17,000 jobs -- 10% of its global workforce -- delay first deliveries of its 777X jet by a year and record $5 billion in losses in the third quarter, as the U.S. planemaker continues to spiral during a month-long strike. CEO Kelly Ortberg said in a message to employees that the significant downsizing is necessary "to align with our financial reality" after an ongoing strike by 33,000 U.S. West Coast workers halted production of its 737 MAX, 767 and 777 jets. Xi visits Brazil next month. Airplanes will be discussed Europe is poised to lose its wind industry to China in the same way it lost solar 10+ years ago. The UK, with one of the world's largest offshore wind pipelines, will be critical to what happens next. So far, the signs are not good.