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Tag: production

Boeing chief ousted days after announcing 737 MAX production to be grounded

Boeing chief ousted days after announcing 737 MAX production to be grounded

Business
Boeing has ousted its boss six days after the company said it was suspending the production of 737 MAX aircraft following two fatal crashes.The aerospace giant said Dennis Muilenburg had resigned as chief executive and board director with immediate effect. Reuters news agency reported that Mr Muilenburg may be eligible for nearly $ 39m in severance. Boeing decline to comment on the figure or whether he would accept it.Announcing the chief executive's departure, the company said: "The board of directors decided that a change in leadership was necessary to restore confidence in the company moving forward as it works to repair relationships with regulators, customers, and all other stakeholders."It follows a year of intense scrutiny and industrial setbacks triggered by the two crashes, the co...
Tesco halts production at Chinese factory over alleged ‘forced’ labour

Tesco halts production at Chinese factory over alleged ‘forced’ labour

Business
Media playback is unsupported on your device Tesco has suspended production of charity Christmas cards at a factory in China after a six-year-old girl found a message from workers inside one.The note, found by Florence Widdicombe, was allegedly written by prisoners in Shanghai claiming they were "forced to work against our will"."Please help us and notify human rights organisation," the message said.Tesco said it was "shocked" by the report, adding: "We would never allow prison labour in our supply chain."The supermarket said it would de-list the supplier of the cards, Zheijiang Yunguang Printing, if it was found to have used prison labour.Florence was writing cards to her school friends when she found that one of them - featuring a kitten with a Santa hat...
U.S. begins production on combatant ship for Saudi Arabia

U.S. begins production on combatant ship for Saudi Arabia

Business
Nov. 19 (UPI) -- The U.S. Navy began production last month on a multi-mission surface combatant ship for the Kingdom of Saudi Arabia. A "cut steel" ceremony was held Oct. 24 at Fincantieri Marinette Marine in Marinette, Wisc., which constitutes the start of construction on the first of Saudi Arabia's MMSC vessels, Naval Sea Systems Command announced this week. Representatives of both the U.S. Navy and Royal Navy Saudi Forces attended the ceremony at the FMM facility where the company has been working on the vessel. A bipartisan group of Wisconsin lawmakers -- including Marinette mayor Steve Genisot, U.S. Sen. Tammy Baldwin, D-Wisc., U.S. Rep. Mike Gallagher, R-Wisc., and Democratic Wisconsin state Sen. Dave Hansen. Lockheed Martin is the prime contractor for the 4,409-ton tailored littor...
Long-running coal plant on Navajo Nation stops production

Long-running coal plant on Navajo Nation stops production

Health
A massive coal-fired power plant that served customers in the West for nearly 50 years shut down Monday, the latest closure in a shift away from coal and toward renewable energy and cheaper power. The Navajo Generating Station near the Arizona-Utah line was expected to shutter by the end of the year, but the exact day hadn’t been certain as the plant worked to deplete a stockpile of coal. It stopped producing electricity shortly after noon Monday when shift supervisor Fred Larson, a 41-year employee, put the plant permanently offline. “It will be hard for people because for employees, there’s a lot of pride, a lot of passion for their work, and they have put their heart and soul in this plant,” said Paul Ostapuk, who oversees safety and environment at the plant. The 2,250-megawatt
Saudi Arabia oil and gas production reduced by drone strikes

Saudi Arabia oil and gas production reduced by drone strikes

World
Media playback is unsupported on your device Saudi Arabia has cut oil and gas production following drone attacks on two major oil facilities run by state-owned company Aramco.Energy Minister Prince Abdulaziz bin Salman said the strikes had reduced crude oil production by 5.7m barrels a day - about half the kingdom's output.A Yemeni Houthi rebel spokesman said it had deployed 10 drones in the attacks.US Secretary of State Mike Pompeo blamed the attacks on Iran saying there was no evidence they came from Yemen.The fires are now under control at both facilities, Saudi state media say. Aramco CEO Amin Nasser said no casualties had been reported in the attacks.The Saudis lead a Western-backed military coalition supporting Yemen's government, while Iran backs th...