Boeing plans asset sales, job cuts, and a $5B charge to improve financial stability amid crises.

Boeing is considering asset sales to improve its financial stability by divesting non-core or underperforming units, following several crises this year, including a CEO departure and a work stoppage. The company plans to cut 17,000 jobs, about 10% of its workforce, and take a $5 billion charge. Recently, Boeing agreed to sell a defense unit that manufactures surveillance equipment for the U.S. military as part of these efforts.

October 20, 2024
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