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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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