Boeing fine-tunes job reductions as major buyer slams 777X jet delay

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Boeing fine-tunes job reductions as major buyer slams 777X jet delay - Business Standard

Quick Summary:

Ratings agency S&P has warned Boeing risks losing its prized investment-grade credit rating.

The planemaker plans a series of internal meetings this week to lay out the jobs plan, which could lean at least partially on involuntary cuts whose costs and impact on the retention of coveted skills are easier to manage, industry sources said.

The union representing striking workers said on Friday the decision to halt the 767 freighter was troubling and dismissed Boeing's claims about the conduct of labour talks as groundless.