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Boeing order cancelled
Message
 
 
To
29/01/2009 12:50:27
General information
Forum:
News
Category:
Technology
Miscellaneous
Thread ID:
01378187
Message ID:
01378234
Views:
8
>First of several I wouldn't be suprised
>
>http://newsvote.bbc.co.uk/1/hi/business/7859155.stm

Boeing's troubles have been big news here this week, since they are Chicago-based (although most of the employees are in Seattle). They announced a layoff of 6% of the work force due to soft sales projections in the global downturn. They are also having trouble with a new aircraft, a longer version of the 747 that is supposed to compete with the Airbus. It's taking a lot longer to develop than they expected and they just wrote off something like $50 million in cost overruns.

There isn't much good economic news to be found these days.
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