Boeing Starts Layoffs in Finance and Accounting, Will Outsource the Work to India
Boeing will eliminate about 150 positions in finance and accounting in October as part of an effort to streamline these departments’ operations and will outsource this work to a firm in India. The Seattle Times reports: Boeing told nonunion corporate staff in an all-hands virtual meeting this month that it will begin outsourcing finance and […]
Ex-KPMG CEO Lynne Doughtie Adds Another Board Seat Notch to Her Belt
Lynne Doughtie has been busy padding the “Corporate Board Experience” portion of her résumé. A little more than a month after joining the Board of Advisors of NovaSignal Corp., the former KPMG CEO joined her first corporate board of directors on Jan. 15 where she’ll have to learn all things jumbo jet. And she’ll be […]
Boeing CFO Reiterates Delivery Target of 787; No One Believes It
Confidential to BA: Everyone is sick of the defense contractor who cried “the jumbo jet is ready!”
Boeing Co is confident it can deliver the first 787 Dreamliner in the middle of the first quarter of 2011, the chief financial officer of the world’s largest aerospace and defense company said on Tuesday.
Speaking at a conference hosted by Morgan Stanley, James Bell reiterated the updated delivery target for the long-delayed carbon-composite commercial aircraft.
Last week, the company announced another Dreamliner delay — this one related to a a delay in the availability of a Rolls-Royce Plc(RR.L) engine needed for the final phases of flight testing. The plane is already more than two years behind schedule.
Boeing CFO repeats 787 deliver target [Reuters]