CVS Health will be reportedly discontinuing 2,900 positions at its establishments across the U.S., following the company’s new plan to reduce costs by $2 billion.
Read More CVS Health To Cut Nearly 3,000 Jobs NationwideTag: CEO
Nike CEO To Retire As Sportswear Company Sales Drop
Sports Brand Nike announced on Thursday, that CEO John Donahoe will retire after more than five years of being in charge of the company as the brand has struggled recently with sales and other competition.
Read More Nike CEO To Retire As Sportswear Company Sales DropBoeing To Begin Furloughs As Strike Continues Causing Delay In Production
On Wednesday, Boeing’s CEO announced that the company will begin furloughing “a large number” of employees to limit spending during the strike by union machinists that began just a week ago.
Read More Boeing To Begin Furloughs As Strike Continues Causing Delay In ProductionBoeing Employees Strike After Rejecting 25% Pay Increase, Impacting Production
Boeing employees walked off the job site at Boeing Factories near Seattle on Friday morning after union members voted to go on strike and reject a tentative contract that would have increased wages by 25% over a four-year span.
Read More Boeing Employees Strike After Rejecting 25% Pay Increase, Impacting ProductionBig Lots Announces Filing For Chapter 11 Bankruptcy
Big Lots representatives stated on Monday that it has officially filed for Chapter 11 bankruptcy for protection from its massive debts, with the retailer citing “inflation and high interest rates” as reasons for filing.
Read More Big Lots Announces Filing For Chapter 11 BankruptcyWaffle House CEO Walt Ehmer Dead At 58
Waffle House CEO and President Walt Ehmer has died at age 58.
Read More Waffle House CEO Walt Ehmer Dead At 58