Open

Coming up

Don't miss

Replay


LATEST SHOWS

IN THE PAPERS

'Caution, another Cast Lead lies ahead'

Read more

BUSINESS DAILY

Rising into the ranks of Haute Couture

Read more

DEBATE

Gaza: How to Stop the Spiral? Israel Readies For Ground Offensive

Read more

DEBATE

Gaza: How to Stop the Spiral? Israel Readies For Ground Offensive (part 2)

Read more

MEDIAWATCH

A thin line between fact-checking and propaganda in Gaza social media coverage

Read more

#THE 51%

Sweden: A Feminist's Paradise?

Read more

FOCUS

Ireland's missing babies cast light on dark history

Read more

WEB NEWS

World Cup 2014: Germany-Brazil inspires the Web

Read more

THE INTERVIEW

Boutros-Ghali: 'I wanted to reform the UN'

Read more

  • Video: Living in Tel Aviv, under threat of rocket attack

    Read more

  • Video: Palestinians fear full Israeli military offensive in Gaza

    Read more

  • Amazon snubs French free delivery ban with one-cent charge

    Read more

  • Manhunt as FIFA partner flees Rio hotel to avoid arrest

    Read more

  • US prepared to negotiate Gaza ceasefire, Obama says

    Read more

  • French companies will have to accept anonymous CVs

    Read more

  • Ukrainian forces close in on Donetsk

    Read more

  • Germany asks US intelligence station chief to leave country

    Read more

  • UN chief Ban Ki-moon appoints new Syria mediator

    Read more

  • Video: Muslims in China confront obstacles to Ramadan fasting

    Read more

  • Tour de France passes WWI Chemin des Dames battlefield

    Read more

  • Senegalese man awarded French visa in gay marriage debate

    Read more

  • Foiled French jihadist ‘targeted Louvre and Eiffel Tower’

    Read more

  • Obama in Texas to urge congressional action on child migrant crisis

    Read more

  • Iraq’s heritage 'in danger' from ISIS militants

    Read more

Business

Boeing to cut 10,000 jobs

©

Latest update : 2009-01-28

US aerospace giant Boeing said it will slash 10,000 jobs in the coming years in light of the weakining global economy. Earlier, the company posted a loss of $56 million in the fourth quarter.

AFP - Boeing will reduce its workforce by some 10,000 this year in response to the global economic crisis, chief executive Jim McNerney said Wednesday.
  
"The global economy continues to weaken, and it's affecting air traffic and financing," McNerney said after the aerospace giant released its quarterly results.
  
"We must prepare the company, including being more aggressive in terms of productivity."
  
He said the 10,000 cuts would be made "through attrition, retirement and layoffs," and included a figure announced earlier of 4,500 in the commercial aircraft division.

Date created : 2009-01-28

Comments

COMMENT(S)