Big week ahead for Boeing
$波音(BA.US$ is set to holdits annual meeting, report Q1 results and face the application deadline for a multi-billion dollar aid package from the federal government. Reports suggest the company will focus on building two financial bridges to the future: Cutting near-term losses brought on by the health conditions (don't forget the 737 MAX crisis) and a longer-term plan to deal with fewer orders for commercial jets.
New targets for plane production could see as much as 10% of the company's 160,000 employees cut from the payroll, while CEO Dave Calhoun has previously indicated Boeing may pass on government loans if it requires the U.S. Treasury to take a stake in the company.
New targets for plane production could see as much as 10% of the company's 160,000 employees cut from the payroll, while CEO Dave Calhoun has previously indicated Boeing may pass on government loans if it requires the U.S. Treasury to take a stake in the company.
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