Boeing Co is overhauling its newly formed “Enterprise Operations” organization after just six months as it looks to cut costs and repair a crisis-weakened supply chain, according to internal memos and a person familiar with the strategy. The restructuring, which took effect on Friday, and other linked efforts like moving 787 assembly outside Washington state, are key pieces of Boeing’s broader strategy for surviving an industry-wide crisis fueled by the coronavirus downturn. Taken overall, Boeing’s steps to cut costs, while making factories more efficient in preparation for a rebound in the global jet market, are among the …read more
Source:: Yahoo Finance
