Finance jobs – Save Western OH http://savewesternoh.org/ Fri, 18 Nov 2022 10:35:32 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://savewesternoh.org/wp-content/uploads/2021/08/cropped-icon-32x32.png Finance jobs – Save Western OH http://savewesternoh.org/ 32 32 SPECIAL REPORT: Jobs in international finance https://savewesternoh.org/special-report-jobs-in-international-finance/ Thu, 03 Nov 2022 07:00:00 +0000 https://savewesternoh.org/special-report-jobs-in-international-finance/ Finance is a lucrative and in-demand industry. It’s about managing the money; as such, most jobs in finance can be demanding and have strict entry requirements. Getting a good finance job requires a great education, a bachelor’s degree is the least requirement for any high-paying finance job. A good education in economics, mathematics, statistics or […]]]>

Finance is a lucrative and in-demand industry. It’s about managing the money; as such, most jobs in finance can be demanding and have strict entry requirements. Getting a good finance job requires a great education, a bachelor’s degree is the least requirement for any high-paying finance job. A good education in economics, mathematics, statistics or a related field is usually necessary to get a good job in the industry. However, you can be assured of good salary after getting the job.

There is no limit to what you can earn in finance, as some jobs come with bonuses and allowances. For example, you can earn up to $96,000 when you start your career as a CFO and around $190,000 as an experienced CFO. Meanwhile, not all jobs in finance pay as much as this one.

In that regard, we’ve teamed up with experts from job aggregator Jooble to shed some light on the best paying jobs you can get in the finance industry. We will discuss the jobs, their educational requirements and how much you can earn from them. Let’s cut to the chase.

Highest paying jobs to explore in the finance sector
Even though getting a job in finance can be well paid, you need to be sure about what your future jobs in finance can bring you. Hence, we have compiled a list of some highest paying jobs in finance.

investment bank
Investment banking is a branch of finance that involves helping clients manage their finances. Investment bankers do this by helping their clients manage stocks, stocks, bonds, mergers and acquisitions. They also serve as financial advisors to their clients in managing their finances. Their clients can include government, institutions, businesses and organizations.

The minimum requirement to become an investment banker is a bachelor’s degree. You must have a degree in economics, banking, finance, accounting or other related fields. You can earn $100,000 as an analyst. Investment banking managing directors earn up to $300,000 a year.

Financial Analyst
Financial analysts are responsible for researching and obtaining information about their clients’ finances and investments. They then use the data obtained to make financial decisions for their clients. The job of a financial analyst is data-intensive. It also requires excellent mathematical, statistical and analytical skills.

You need a bachelor’s degree to become a financial analyst. Other professional certificates will be useful to you. The minimum you can earn as a financial analyst is around $63,000. You can win up to $113,000.

Financial software developer
Financial software developers are the bridge between finance and technology. They develop software related to finance. These specialists also help financial institutions develop and manage the software they need for their work. Financial software developers can earn between $54,000 and $140,000 per year.

Financial director
A CFO is a managerial position. They are responsible for supervising the activities of the financial company. Their duties include keeping track of company finances. They also analyze the financial strengths and weaknesses of the company and make proposals to grow its finances.
Becoming a CFO doesn’t just require training. You should also have experience in finance and management. Becoming a CFO typically takes around 10-15 years to work your way up. A CFO can earn between $130,000 and $480,000 per year.

Hedge fund manager
Hedge fund managers are people who manage hedge funds. Hedge funds involve financial partnerships that pool money and use techniques to generate active returns. Hedge fund management is a lucrative and demanding business. A hedge fund manager must be able to think deeply, research and make decisions important to fund owners.

It takes a bachelor’s degree to become a hedge fund manager. However, you can also consider different certifications to get a job more easily. Hedge fund managers earn an average of $136,000 a year and can earn well over $260,000.

Private equity partner
Another lucrative job in finance is being associated with private equity. This job involves raising funds and investing them in private businesses to generate income for the owners years later. These funds include hedge funds, pension funds, etc. You must have at least a bachelor’s degree to become a private equity manager. They earn around $135,000 to $780,000 per year.

Budget analyst
Budget analysts are responsible for helping institutions and organizations manage their finances. They prepare budgets and monitor expenditures. A budget analyst must be observant and thorough. A bachelor’s degree is the least educational requirement for a budget analyst. Budget analysts earn between $80,000 and $130,000 per year.

financial manager
Financial management is another high paying career in finance. CFOs are responsible for analyzing situations and providing the best financial advice to senior executives. CFOs earn an average of $103,000 and can earn close to $200,000.

Conclusion
The finance industry is vast and includes everything from fintech to banking and investments. Meanwhile, finding a job in finance can be tough, but the pay is worth it. Additionally, finance jobs are always in demand due to the need to manage money.

If you are thinking of starting a career in finance, this article has covered some of the highest paying jobs you can explore.

This post is sponsored by our partner Jooble.

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9 Lucrative Finance Jobs That Are Ever Growing in Demand https://savewesternoh.org/9-lucrative-finance-jobs-that-are-ever-growing-in-demand/ Fri, 14 Oct 2022 16:45:27 +0000 https://savewesternoh.org/9-lucrative-finance-jobs-that-are-ever-growing-in-demand/ Start slideshow Many job seekers seek flexible work arrangements, but for others, job stability is the most important factor, as it can help fund long-term goals such as buying a home, building a family and planning for retirement. In fact, compensation and benefits have overtaken work-life balance as the top priority for job seekers as […]]]>

Many job seekers seek flexible work arrangements, but for others, job stability is the most important factor, as it can help fund long-term goals such as buying a home, building a family and planning for retirement.

In fact, compensation and benefits have overtaken work-life balance as the top priority for job seekers as of June 2021, according to a new report from SmartAsset, a fintech company.

To identify the most stable and lucrative jobs, SmartAsset researchers analyzed data from the 790 occupations delineated by the Bureau of Labor Statistics, filtering out those with predicted job growth greater than 10% over the past few years. next 10 years. Forty-two well-paying jobs met this criterion.

Additionally, they only considered occupations with average earnings in 2021 above $68,590 — the 75th percentile of annual earnings nationally.

For the final ranking of high-paying occupations, they compared jobs according to the parameters of expected growth in percentage of employment and expected growth in the number of workers in 10 years; average salary 2021; and the four-year change in income from 2017 to 2021. They gave equal weight to each and calculated an average.

The research found that nationally, the total workforce is expected to grow by 5.3% from 2021 to 2031, although this figure is significantly higher for some occupations than others.

According to the research, business and financial occupations now overtake jobs in the life sciences, physical and social sciences, a reversal from last year’s iteration of the study. And while remote work is growing in popularity, many of the major professions require in-person schedules, including nurse practitioners and physician assistants.

See the gallery for the nine highest-paying business and financial professions.

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Government’s updated strategy targets 5,000 new finance jobs as employment rises – The Irish Times https://savewesternoh.org/governments-updated-strategy-targets-5000-new-finance-jobs-as-employment-rises-the-irish-times/ Mon, 03 Oct 2022 09:11:15 +0000 https://savewesternoh.org/governments-updated-strategy-targets-5000-new-finance-jobs-as-employment-rises-the-irish-times/ The government is targeting the creation of 5,000 additional Irish jobs in the international financial services sector by 2026, a revised figure which reflects a surge in employment in the sector in recent years. On Monday, Seán Fleming, Minister of State at the Department of Finance responsible for financial services, released Ireland’s updated strategy for […]]]>

The government is targeting the creation of 5,000 additional Irish jobs in the international financial services sector by 2026, a revised figure which reflects a surge in employment in the sector in recent years.

On Monday, Seán Fleming, Minister of State at the Department of Finance responsible for financial services, released Ireland’s updated strategy for government finances.

Unveiled in 2019 and scheduled to run until 2025, the plan aimed to increase the number of people employed in the sector from 44,000 to 50,000 by 2020. But, according to figures from IDA Ireland and Enterprise Ireland, 52,800 worked in financial services in Ireland in 2021, a third of whom were based outside Dublin.

With employment levels in the sector reaching “their highest level on record” last year, the new job growth target “over the duration of the updated strategy from 2023 to 2026 inclusive is 5 000 net new jobs,” the revised strategy document says.

Budget 2023: what it means for businesses and taxpayers

The five “growth themes” around which the strategy is based are: sustainable finance; fintech and digital finance; diversity and talent; regionalization and promotion; and improving the operating environment.

Among other things, the strategy recognizes that “disruptive technologies such as blockchain are creating new opportunities for digital assets that will shape the future of the global financial system.” He notes that “action” will be needed in the crypto-asset and blockchain space to “maximize the opportunities and manage the risks that these technological changes will bring to the sector.”

To that end, the Department of Finance’s Fintech Steering Group – whose membership was expanded this year to include senior officials from other ministries and corporate agencies – will “provide the strategic leadership” to capitalize on developments in the field of cryptography and digital assets. industry.

Commenting on the update, Mr Fleming said sustainable and digital transitions feature prominently in the strategy as “great opportunities for the Irish economy”.

He said, “Partnership between the private and public sectors is at the heart of this strategy. It is essential to ensure that Ireland has the right mix of education to meet the demands of industry in the future. Our employment goals are ambitious but can be achieved by everyone working together.

In his introduction to the update, he said that while there have been successes in recent years, “we cannot be complacent and assume future success.”

Laois-Offaly’s Fianna Fáil TD said an “immediate priority” is to “deepen engagement” with the fintech industry to “establish working groups with stakeholders and researchers and experts from third level”.

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Consequences of UNGA 77: AfDB priorities Climate finance, jobs, food insecurity https://savewesternoh.org/consequences-of-unga-77-afdb-priorities-climate-finance-jobs-food-insecurity/ Mon, 03 Oct 2022 07:00:00 +0000 https://savewesternoh.org/consequences-of-unga-77-afdb-priorities-climate-finance-jobs-food-insecurity/ By Adedapo Adesanya The African Development Bank (AfDB) has had several productive engagements around its strategic priorities during the just-concluded 77th United Nations General Assembly (UNGA) meetings in New York. Highlights of the meeting included an urgent call for increased funding to mitigate the effects of climate change and food insecurity. The group’s chairman, Mr. […]]]>

By Adedapo Adesanya

The African Development Bank (AfDB) has had several productive engagements around its strategic priorities during the just-concluded 77th United Nations General Assembly (UNGA) meetings in New York.

Highlights of the meeting included an urgent call for increased funding to mitigate the effects of climate change and food insecurity.

The group’s chairman, Mr. Akinwumi Adesina, led the bank’s delegation to meetings and played an active role in discussions leading to an international declaration to end malnutrition and stunting.

The bank’s commitments reflect its strategic priorities as the African countries it supports struggle with the lingering effects of the Covid-19 pandemic, as well as the food and fuel price spikes resulting from the war in Russia in Ukraine and climate change.

Climate change was a recurring theme in many of the bank’s UNGA discussions, particularly the need for urgent financing for countries most at risk from climate change.

Climate change has taken on greater urgency, with the next United Nations Climate Change Conference (COP27) due to be held in Sharm el-Sheikh, Egypt, in less than two months. COP 27, or “the African COP” as it is known, presents an unprecedented opportunity for a unified African voice to demand that the global community move beyond talk to take concrete action on climate change adaptation. climate change and mitigation financing.

Speaking at the 2nd Ministerial Meeting on Climate and Development, Adesina joined US President’s Special Envoy for Climate John Kerry and other participants in urging developed countries to deliver on the commitments they made at COP26 in Glasgow last year and under the 2015 Paris Agreement.

The bank has also joined the Global Leadership Council in a new initiative to develop clean and reliable energy and fight global warming.

The Global Leadership Council comprises world leaders, including the Director of the African Development Bank, the Executive Secretary of the United Nations Framework Convention on Climate Change, Patricia Espinosa; Achim Steiner, Administrator of the United Nations Development Programme; European Investment Bank. chairman Werner Hoyer; Norwegian Prime Minister Jonas Gahr; and Rockefeller Foundation Chairman Dr. Rajiv J. Shah, Co-Chair of the Board.

Initially, the Council will focus on efforts to remove barriers to just energy transitions in developing countries.

While developing countries are currently only responsible for 25% of global CO2 emissions, this share could reach 75% by 2050, according to an analysis published by the Alliance. Developing countries currently receive only a fraction of funding to develop clean energy, despite representing nearly half of the world’s population.

The General Assembly has enabled the African Development Bank Group to show particular leadership in efforts to end hunger, nutrition and stunting in Africa.

As part of the Presidential Dialogue Group on Nutrition, inspired by the African Union’s designation of 2022 as the “Year of Nutrition”, the AfDB chief joined African presidents in signing a landmark pledge to end stunting in children.

According to the Global Nutrition Report, considered the most comprehensive account of the state of nutrition in the world, more than 30% of children in Africa are stunted.

The Dialogue Group is an initiative of the African Leaders Nutrition Platform of the African Development Bank, the Government of Ethiopia and Big Win, a philanthropic organization. In addition to Ethiopia, the platform has among its members the leaders of the Democratic Republic of Congo, Madagascar, Malawi, Mozambique, Niger, Senegal, Tanzania and Uganda.

The banks African Emergency Food Production Facility figured prominently at the World Summit on Food Security. Senegalese President Macky Sall, chair of the African Union, praised the bank for its swift launch of the $1.5 billion facility to avert a looming food crisis. The program facilitates the production of 38 million tons of food. This represents a $12 billion increase in production in just two years.

As part of the AfDB’s Jobs for Youth in Africa program to create 25 million jobs by 2025 and related initiatives, the President of the Bank participated in a high-level session to discuss the Global Accelerator for Employment and Social Protection for Just Transitions initiative.

Various world leaders also spoke at the session, including Mr. Adesina, President of Malawi Lazarus Chakwera, Ugandan Vice President Jessica Alupo and Egyptian Minister of Planning and Economic Development, Mr. Hala El – Said.

Mr Adesina said: “We need to restructure our economies to be productive with education, infrastructure, energy and make sure we have productive sectors that can use people’s skills and absorb them into the economy. “

On the general assembly side, Mr. Adesina also led a banking delegation to the World Health Organization (WHO) for meetings. The two organizations have agreed to work on quality healthcare infrastructure, vaccines, essential medicines, nutrition and the African Foundation for Pharmaceutical Technology.

Mr. Adesina also held bilateral talks with the new President of Kenya, William Ruto; American billionaire and philanthropist Michael Bloomberg; former US President Bill Clinton and former US Senator Hillary Clinton.

The President also met with Anne Beathe Tvinnereim, Norwegian Minister for International Development and Governor of the African Development Bank. Ahead of the Global Citizen Festival, they discussed efforts to eradicate hunger, and the country will support the African Emergency Food Production Facility.

UNGA 77 brought together world leaders, civil society activists, private sector actors and young people from around the world for two weeks of in-person dialogue in New York under the theme “A Decisive Moment: Transformative Solutions to interrelated challenges.

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Stanley Black & Decker cuts about 1,000 finance jobs – WSJ https://savewesternoh.org/stanley-black-decker-cuts-about-1000-finance-jobs-wsj/ Fri, 30 Sep 2022 21:11:36 +0000 https://savewesternoh.org/stanley-black-decker-cuts-about-1000-finance-jobs-wsj/ (Reuters) – Power tool maker Stanley Black & Decker cut 1,000 financial positions this week in a bid to cut costs, The Wall Street Journal reported on Friday citing people familiar with the matter. The move comes at a time when several tech companies, crypto exchanges and financial firms are cutting jobs and freezing hiring […]]]>

(Reuters) – Power tool maker Stanley Black & Decker cut 1,000 financial positions this week in a bid to cut costs, The Wall Street Journal reported on Friday citing people familiar with the matter.

The move comes at a time when several tech companies, crypto exchanges and financial firms are cutting jobs and freezing hiring as global economic growth slows due to higher interest rates, runaway inflation and a energy crisis in Europe.

More recently, Facebook’s parent company, Meta Platforms, said it was freezing hiring, according to a Bloomberg News report that cited chief executive Mark Zuckerberg’s communication with employees.

Stanley Black & Decker, whose brands include DeWalt and Craftsman tools, is seeking to cut up to $200 million in costs by the end of the year, WSJ reported. The job cuts are part of broader layoffs within the company that began in July, according to the report.

The company had 71,300 employees worldwide as of January this year.

In July, Stanley Black & Decker cited rising interest rates and slowing demand in late May and June for missing second-quarter earnings and sales estimates.

Stanley Black & Decker did not immediately respond to a Reuters request for comment.

(Reporting by Kannaki Deka in Bengaluru; Editing by Shailesh Kuber)

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Stanley Black & Decker cuts around 1,000 finance jobs https://savewesternoh.org/stanley-black-decker-cuts-around-1000-finance-jobs/ Fri, 30 Sep 2022 20:54:40 +0000 https://savewesternoh.org/stanley-black-decker-cuts-around-1000-finance-jobs/ Sep 30 (Reuters) – Power tool maker Stanley Black & Decker cut 1,000 financial positions this week in a bid to cut costs, The Wall Street Journal reported on Friday citing people familiar with the matter. The move comes at a time when several tech companies, crypto exchanges and financial firms are cutting jobs and […]]]>

Sep 30 (Reuters) – Power tool maker Stanley Black & Decker cut 1,000 financial positions this week in a bid to cut costs, The Wall Street Journal reported on Friday citing people familiar with the matter.

The move comes at a time when several tech companies, crypto exchanges and financial firms are cutting jobs and freezing hiring as global economic growth slows due to higher interest rates, runaway inflation and a energy crisis in Europe.

More recently, Facebook’s parent company, Meta Platforms, said it was freezing hiring, according to a Bloomberg News report that cited chief executive Mark Zuckerberg’s communication with employees.

Stanley Black & Decker, whose brands include DeWalt and Craftsman tools, is seeking to cut up to $200 million in costs by the end of the year, WSJ reported. The job cuts are part of broader layoffs within the company that began in July, according to the report.

The company had 71,300 employees worldwide as of January this year.

In July, Stanley Black & Decker cited rising interest rates and slowing demand in late May and June for missing second-quarter earnings and sales estimates.

Stanley Black & Decker did not immediately respond to a Reuters request for comment. (Reporting by Kannaki Deka in Bengaluru; Editing by Shailesh Kuber)

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Stanley Black & Decker cuts about 1,000 finance jobs, reports The Wall Street Journal https://savewesternoh.org/stanley-black-decker-cuts-about-1000-finance-jobs-reports-the-wall-street-journal/ Fri, 30 Sep 2022 07:00:00 +0000 https://savewesternoh.org/stanley-black-decker-cuts-about-1000-finance-jobs-reports-the-wall-street-journal/ Sep 30 (Reuters) – Power tool maker Stanley Black & Decker (SWK.N) cut 1,000 financial positions this week in a bid to cut costs, The Wall Street Journal reported on Friday citing people familiar with the matter . The move comes at a time when several tech companies, crypto exchanges and financial firms are cutting […]]]>

Sep 30 (Reuters) – Power tool maker Stanley Black & Decker (SWK.N) cut 1,000 financial positions this week in a bid to cut costs, The Wall Street Journal reported on Friday citing people familiar with the matter .

The move comes at a time when several tech companies, crypto exchanges and financial firms are cutting jobs and freezing hiring as global economic growth slows due to higher interest rates, runaway inflation and a energy crisis in Europe. Read more

More recently, Facebook’s parent company Meta Platforms (META.O) said it is freezing hiring, according to a Bloomberg News report that cites chief executive Mark Zuckerberg’s communication with employees. Read more

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Stanley Black & Decker, whose brands include DeWalt and Craftsman tools, is seeking to cut up to $200 million in costs by the end of the year, WSJ reported. The job cuts are part of broader layoffs within the company that began in July, according to the report.

The company had 71,300 employees worldwide as of January this year.

In July, Stanley Black & Decker cited rising interest rates and slowing demand in late May and June for missing second-quarter earnings and sales estimates.

Stanley Black & Decker did not immediately respond to a Reuters request for comment.

Join now for FREE unlimited access to Reuters.com

Reporting by Kannaki Deka in Bangalore; Editing by Shailesh Kuber

Our standards: The Thomson Reuters Trust Principles.

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“Finance professions should be in London, not New York or Paris” https://savewesternoh.org/finance-professions-should-be-in-london-not-new-york-or-paris/ Mon, 26 Sep 2022 08:32:49 +0000 https://savewesternoh.org/finance-professions-should-be-in-london-not-new-york-or-paris/ Monday, September 26, 2022 9:32 a.m. People stroll through the financial district of Canary Wharf, the beating heart of London’s banking area The Government this morning defended its intention to lift the cap on bankers’ bonuses, saying it wanted to protect and attract job creation in the city and Canary Wharf, rather than other financial […]]]>

Monday, September 26, 2022 9:32 a.m.

People stroll through the financial district of Canary Wharf, the beating heart of London’s banking area

The Government this morning defended its intention to lift the cap on bankers’ bonuses, saying it wanted to protect and attract job creation in the city and Canary Wharf, rather than other financial centers taking over.

“We want finance jobs to be here in London, not in New York or Paris,” said Work and Pensions Secretary Chloe Smith.

Moreover, the government remains focused on delivering on its growth agenda despite the fall in the pound, she added.

Asked by Sky News about the slide, Smith said: “I will not be able to comment on particular market movements and there are various factors that always come into play.

“But the government is absolutely focused on delivering the growth agenda as we have set it out, with various ways to help businesses and households move towards growth and, as I said, towards more great opportunities.

“For me particularly in the Work and Pensions department, I want to be able to then help more people find better and better paying jobs.”

Asked about the poor polls the Tories were facing, Ms Smith added: ‘I am confident that the kind of support the Tories were delighted to have in 2019 will continue to follow Liz Truss and can have a Tory government in the years to come .”

“I will not be able to comment on particular market movements and there are various factors that always come into play.”

Chloe Smith this morning

“But the government is absolutely focused on delivering the growth agenda as we have set it out, with various ways to help businesses and households move towards growth and, as I said, towards more great opportunities.

“For me particularly in the Work and Pensions department, I want to be able to then help more people find better and better paying jobs.”

Asked about the poor polls the Tories were facing, Ms Smith added: ‘I am confident that the kind of support the Tories were delighted to have in 2019 will continue to follow Liz Truss and can have a Tory government in the years to come .”

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Boeing to cut about 150 finance jobs in the United States https://savewesternoh.org/boeing-to-cut-about-150-finance-jobs-in-the-united-states/ Wed, 21 Sep 2022 15:54:42 +0000 https://savewesternoh.org/boeing-to-cut-about-150-finance-jobs-in-the-united-states/ Find out what clicks on FoxBusiness.com Boeing will cut about 150 finance jobs at its U.S. sites this year as part of an effort to simplify its corporate structure and improve efficiency. “Over the past several years, we have simplified our corporate structure to reduce complexity and focus more resources on engineering, manufacturing and product […]]]>

Boeing will cut about 150 finance jobs at its U.S. sites this year as part of an effort to simplify its corporate structure and improve efficiency.

“Over the past several years, we have simplified our corporate structure to reduce complexity and focus more resources on engineering, manufacturing and product development,” a Boeing spokesperson told FOX Business. “Several of our business functions, including information technology and finance, have implemented changes to streamline their operations, which has resulted in lower headcount within certain business functions.”

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BA THE BOEING CO. 138.71 -4.58 -3.20%

The spokesperson added that the aerospace giant will start sharing “selected works” with India’s Tata Consultancy Services and “assess future impacts as the process continues in the coming years. “.

UNITED AIRLINES ON AIRCRAFT GROUND AS IT COMPLETES INSPECTIONS

According to its latest annual report, Boeing had a total workforce of about 142,000 employees at the end of 2021, with 12% outside the United States. The total included approximately 47,000 union members.

Boeing has since expanded its workforce by about 10,000 employees this year to “ensure production stability and invest in engineering and innovation.”

The Boeing logo hangs at the Boeing World Headquarters November 28, 2006 in Chicago, Illinois. (Photo by Scott Olson/Getty Images) ((Photo by Scott Olson/Getty Images)/Getty Images)

The cuts are unrelated to Boeing’s plans to move its headquarters from Chicago to Arlington, Va., according to the spokesperson.

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The planned layoffs come as Boeing delivered its first 787 Dreamliner to American Airlines in August following Federal Aviation Administration approval. Boeing halted deliveries in May 2021 after the FAA raised concerns about its proposed inspection method. In September 2020, the FAA said it was investigating manufacturing defects in some 787 airliners.

The agency’s heightened scrutiny of Boeing’s aircraft certification comes after two fatal crashes in 2018 and 2019 grounded its 737 Max plane. The 737 Max has since returned to the skies after being cleared to fly in November 2020.

In July, Boeing announced that its quarterly profit fell to $160 million, or 32 cents per share. Sales in its second quarter fell 2% to $16.7 billion. The company generated positive cash flow from operations in the quarter and said it remains on track for positive cash flow for the full year.

Boeing shares are down about 29% year-to-date.

Reuters contributed to this report

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Boeing to cut 150 financial sector jobs in the United States following airline debacles – Boeing (NYSE:BA) https://savewesternoh.org/boeing-to-cut-150-financial-sector-jobs-in-the-united-states-following-airline-debacles-boeing-nyseba/ Wed, 21 Sep 2022 11:11:06 +0000 https://savewesternoh.org/boeing-to-cut-150-financial-sector-jobs-in-the-united-states-following-airline-debacles-boeing-nyseba/ Boeing Company BA shared plans to cut 150 finance jobs in the United States in 2022 to streamline its corporate structure and focus more resources on manufacturing and product development. Boeing would reduce staff in its information technology and finance departments, Reuters reported citing an email from the company. Boeing increased its […]]]>

  • Boeing Company BA shared plans to cut 150 finance jobs in the United States in 2022 to streamline its corporate structure and focus more resources on manufacturing and product development.
  • Boeing would reduce staff in its information technology and finance departments, Reuters reported citing an email from the company.
  • Boeing increased its workforce by 10,000 employees earlier this year and its engineering and manufacturing departments to meet market demand.
  • Following two 737 MAX crashes in 2018 and 2019, the Federal Aviation Administration (FAA) has pledged to take a closer look at Boeing and delegate less responsibility to the company for aircraft certification.
  • The first crash killed 189 people and the second 157 people.
  • In January 2021, a Sriwijaya Air Boeing 737 departing from Jakarta, the Indonesian capital, crashed shortly after takeoff with 62 people on board.
  • In March 2022, a 737-800NG plane carrying 132 people crashed in southwestern China’s Guangxi province.
  • Recently, the Civil Aviation Authority of China (CAAC) confirmed a meeting with Boeing regarding the return to service of the 737 MAX.
  • Boeing said its Middle East fleet would likely expand to 3,400 planes over the next two decades to meet rapidly growing passenger traffic and cargo demand.
  • Price action: BA shares traded up 0.08% at $146.06 pre-market when last checked on Wednesday.
  • Photo via company
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