Aerospace giant Boeing will lay off over 200 workers that are based in South Carolina as part of a large-scale cost-cutting drive that will cut 17,000 employees, which equals 10% of its workforce.
Read More Boeing To Lay Off Over 2K Workers As Part Of Plans To Reduce Workforce By 10%
The number of Americans filing new applications for unemployment benefits fell last week, suggesting the labor market continued to chug along.
Read More US weekly jobless claims fall; unemployment rolls shrink
Boeing’s factory workers accepted a new contract offer on Monday, ending a bitter seven-week strike that halted most jet production and deepened a financial crisis at the troubled planemaker.
Read More Boeing strike ends as workers accept new contract
Boeing West Coast factory workers will hold a vote on an improved contract offer on Monday that could end a seven-week strike and restart jet production.
Read More Boeing workers vote on wage deal that could end strike
The number of Americans filing new applications for unemployment benefits fell to a five-month low last week and consumer spending increased more than expected in September.
Read More Weekly jobless claims at five-month low; consumer spending rises solidly
Striking workers’ rejection of planemaker Boeing’s latest contract offer has created a fresh threat to operations at aerospace suppliers such as family-run Independent Forge.
Read More Union’s rejection of Boeing offer threatens jobs at aerospace suppliers