More than 4,000 Boeing employees in the UK face an uncertain future as the American aircraft manufacturer prepares to axe a tenth of its global workforce.
Britain is one of Boeing’s largest overseas markets. Its 30 UK locations include its production facility in Sheffield, the company’s only manufacturing site in Europe.
On Friday evening, Boeing chief executive Kelly Ortberg announced plans to cut 17,000 jobs over the coming months. “It is hard to overstate the challenges we face,” he said.
The Sheffield production works employs 125 people making wing components for Boeing’s 737 aircraft
OLI SCARFF/AFP/AFP
The cuts have been prompted by mounting financial problems at Boeing. Regulators demanded it slow down its manufacturing after a door panel blew off one of its 737 Max jets mid-flight in America at the start of the year.
That squeeze on cashflow was exacerbated
The company, which builds tipper trucks, have bought eight acres of land to house a building of 50,000 square feet. The new site will house around 50 extra
UK firms ready to kick-start plans put on hold ahead of the Budget – report Nearly half of UK firms put investment plans on hold ahead of the Budget, but no
The former Brexit negotiator Oliver Robbins is one of 10 applicants on the longlist to take over from Simon Case as the UK’s most senior civil servant, the Gu
Rachel Reeves will announce plans to merge local government retirement schemes into “megafunds” as she tries to revive long-running efforts to overhaul the