Category Archives: WBAP 24/7 News

Boeing Says It’s Considering Temporary Layoffs to Save Cash During the Strike by Machinists

Boeing Says It’s Considering Temporary Layoffs to Save Cash During the Strike by Machinists

SEATTLE (AP) — Boeing says it’s considering temporary layoffs to save cash during the strike by machinists. The company told employees Monday that it will freeze hiring, reduce travel and reduce spending on suppliers. Chief Financial Officer Brian West says the company is also considering “the difficult step of temporary furloughs for many employees, managers…MORE

Red Lobster Exits Chapter 11 Bankruptcy Protection

Red Lobster Exits Chapter 11 Bankruptcy Protection

(AP) – Red Lobster, known for its affordable seafood and cheddary biscuits, has exited Chapter 11 bankruptcy protection. A U.S. bankruptcy judge approved the casual seafood chain’s reorganization plan earlier this month, which included a lender group led by asset manager Fortress Investment Group acquiring the business. Red Lobster is now an independent, privately-held company…MORE