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Boeing is raising $10 billion as it deals with striking workers and thousands of job cuts

Pete SymeOct 15, 2024, 19:05 IST

Business Insider

Stephen Brashear/Getty Images

Boeing is raising $10 billion as a machinists' strike enters its fifth week.

In a regulatory filing Tuesday, the planemaker said it had entered a credit agreement with Bank of America, Citibank, Goldman Sachs, and JPMorgan Chase.

It comes after Boeing announced on Friday plans to lay off 17,000 workers and a further delay to the launch of its much-anticipated 777X jet.

This is a developing story.