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Reevaluating Your Retirement Plan Before Leaving A Job

August 7th, 2020 | Leave a comment.

Are you on the verge of leaving your job and wondering what you should do about your retirement plan? With at least four options to choose from, the decision can be overwhelming. It’s imperative to take time to think about life after retirement so you can make the best decision. Here are some ideas of […]

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Spirit announces 450 new layoffs in Wichita

August 5th, 2020 | Leave a comment.

Spirit AeroSystems announced that it will layoff 450 employees at its Wichita facility. This comes after the recent rate reduction of 737 MAX and the ongoing pandemic. Spirit announced it will reduce the commercial programs by 1,100 employees.  This represents 450 new layoffs the Wichita location when taking into account prior layoffs and employees transitioning into different roles. Source – […]

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Raytheon Cuts 8,000 Jobs

August 5th, 2020 | Leave a comment.

Due to the adverse impact of COVID-19 on the aviation business, Raytheon Technologies Corp, cut about 8,000 jobs in its commercial aviation business, as reported by Bloomberg News. In a conference call on July 28 with analysts, CEO Greg Hays said that the impact of the virus was “ a lot worse” than was originally projected, […]

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Boeing will cut production and jobs further, and may build 787 only in South Carolina

August 5th, 2020 | Leave a comment.

Boeing said that due to the collapse in demand for airliners, it will slow down the planned ramp-up of 737 MAX production in Renton, cut widebody jet production rates in Everett and study consolidating 787 Dreamliner assembly in a single location. The rate reductions and possible shrinking of facilities will bring further job losses beyond […]

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MGM notifies ‘large majority’ of entertainment, sports divisions of impending layoffs

August 5th, 2020 | Leave a comment.

MGM Resorts International will lay off the majority of workers in its entertainment and sports divisions effective Aug. 31, the company said, according to the Las Vegas Review-Journal. Workers affected by the layoffs include venue managers, ushers and hotel entertainment directors, according to the newspaper. The company previously laid off several senior executives in May. Laid-off […]

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