Boeing (NYSE:BA) sent out 1,025 60-day layoff notices, most of them to workers in its Engineering, Operations, and Technology unit. The action was part of Boeing already-disclosed 10,000 employee “termination” plans.
Boeing has suffered from management’s inability to stick to it schedule for the release of its Dreamliner to customers. The delays have already cost the head of the firm’s commercial airline division his job.Boeing’s CEO James McNerney made more than $18 million in 2008 according to the company’s proxy. A small cut in his payout would have saved a number of jobs.
Douglas A. McIntyre
Are You Ahead, or Behind on Retirement? (sponsor)
If you’re one of the over 4 Million Americans set to retire this year, you may want to pay attention.
Finding a financial advisor who puts your interest first can be the difference between a rich retirement and barely getting by, and today it’s easier than ever. SmartAsset’s free tool matches you with up to three fiduciary financial advisors that serve your area in minutes. Each advisor has been carefully vetted, and must act in your best interests. Start your search now.
Don’t waste another minute; get started right here and help your retirement dreams become a retirement reality.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.