Boeing is raising $10 billion as it deals with striking workers and thousands of job cuts --[Reported by Umva mag]

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.

The following news has been carefully analyzed, curated, and compiled by Umva Mag from a diverse range of people, sources, and reputable platforms. Our editorial team strives to ensure the accuracy and reliability of the information we provide. By combining insights from multiple perspectives, we aim to offer a well-rounded and comprehensive understanding of the events and stories that shape our world. Umva Mag values transparency, accountability, and journalistic integrity, ensuring that each piece of content is delivered with the utmost professionalism.