Airplane manufacturer Boeing recently announced that it is going ahead with a downsizing exercise as coronavirus pandemic severely impacts the airline industry. The company said that it is eliminating more than 12,000 jobs in the United States, including 6,770 involuntary layoffs. The company also disclosed it plans “several thousand remaining layoffs” in coming months but…
The coronavirus pandemic has brought us on the verge of a global recession. Some sectors of the economy are looking at a crisis, which would take years to recover. Among these are airline and travel industry. With governments imposing travel restrictions and nationwide lockdowns the airline industry has come to a standstill. Airline companies have…
The Boeing Company named Stan Deal to succeed Kevin McAllister as president and CEO of Boeing Commercial Airplanes and Ted Colbert to succeed Deal as president and CEO of Boeing Global Services, effective immediately. Vishwa Uddanwadiker is appointed to Colbert’s former role as interim chief information officer and senior vice president of Information Technology &…