Saving Boeing is the hardest job and biggest opportunity in …

Dec 8, 2024 · One eminent business leadership guru believes Ortberg has “the hardest job in American business right now.” Yet Ortberg also has “the biggest opportunity,” said Gautam …

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Boeing CEO Says The Company Must Fundamentally Change As …

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Oct 23, 2024 · Boeing has already announced plans to cut its global workforce of 171,000 employees by about 10%, or 17,000 jobs. The cost savings from those cuts could more than …

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Is Boeing in deep trouble?

In November, Sen. Ted Cruz, who next month will become chair of the Senate committee overseeing aviation, told new Boeing CEO Kelly Ortberg that if the plane-maker suffered just one more high-profile safety issue, “your company is in deep, deep trouble.” ...

Why did Boeing cut 17,000 jobs?

“There are a few that we just decided no longer made sense to do.” As for the plan to cut about 17,000 jobs through layoffs and attrition, Ortberg told employees that’s necessary because Boeing isn’t producing planes at the rates planned, due to the FAA restrictions imposed after the Jan. 5 blowout on an Alaska flight. ...

Why did Boeing cut a tenth of its workforce in 2024?

In the first nine months of 2024 it racked up losses of nearly $8bn (£6.3bn). As a result, it set out plans to cut 17,000 jobs, or a tenth of its workforce. Boeing's problems have taken a heavy toll on its business. Where once it went toe to toe with its European rival Airbus, it has now delivered fewer aircraft in each of the past five years. ...

Should Boeing put employees on factory floors?

But at its core, Ortberg's plan is something any business can appreciate: focus on the culture and the work being done. For Boeing that means putting executives on factory floors with the hope it will address safety, communication, and employee trust issues, writes BI's Taylor Rains. ...

Why is Boeing a bad company?

As Boeing balances the high expenses of both its commercial and defense operations, financially it is under great pressure as it manages significant debt and cash flow problems. Operationally, Boeing has battled supply chain interruptions and quality control as well as production delays, especially with the 777X. ...

Is Boeing unable to meet industry needs?

From operational inefficiencies and high-profile scandals to delays in its commercial aircraft lines, Boeing has confronted an increasing set of difficulties over years. Investor confidence has changed as previous failures make it abundantly evident that Boeing's structure could be unable to meet industry needs. ...