This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive
compensation for actions taken through them.
Boeing (NYSE: BA) workers have to put up with the fact that their CEO W. James McNerney Jr. is one of the worst big company chief executives on the planet. Try as he might, he cannot get the Dreamliner into the hands of anxious customers.
Now, Boeing will consolidate some of its Military Aircraft operations. This will “including consolidating the organization from six divisions to four, to continue to position the company for growth in the current business environment,” the company said in a press release.
And, to make sure the restructuring is worthwhile, “Efficiency improvements achieved through this organizational realignment will result in some work force reductions, beginning with approximately 10 percent of BMA executive positions. Additional reductions across all levels of the organization are anticipated in coming months.”
It is almost certain that none of the most senior management will be on its way anywhere.
Douglas A. McIntyre
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
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.