Must Read Money Stories for Thursday, March 31

by March 31, 2016

MRMS
Big cuts at Boeing. Boeing may cut up to 8,000 jobs by the end of this year, reports the Seattle Times. Boeing executives previously said they’d cut the company’s workforce as it faces strong competition from rival Airbus. Now, the Times reports the cutbacks could be bigger than expected, with at least one company unit looking to cut 10 percent of its total staff. And it’s not just jobs being cut. A company spokesperson tells the paper Boeing is trying to eliminate costs in all kinds of areas, including employee travel. All told, it’s hoping to cut billions from its balance sheet this year.

Substandard. Texas lawmakers say the state should work harder to improve living conditions for farm workers. The Austin American-Statesman spent four months investigating housing for farm workers in Texas and found the state failed to act, even with proof that workers had substandard housing. After seeing the reporting, the state’s leaders are now calling for more action.

GM not guilty … so far. A New York jury yesterday decided General Motors isn’t to blame for a fatal 2007 crash involving a faulty ignition switch. The Detroit News reports this outcome as the second legal victory in a row for GM, out of six “bellwether” cases over the ignition problems. GM faces lawsuits over hundreds of crashes. The outcome of those lawsuits hinges largely on what happens with the initial bellwether cases, according to the News. The paper links 124 deaths to the ignition switch problems.

Highway history. U.S. Transportation secretary Anthony Foxx wants to tackle how America’s freeways plowed through low-income neighborhoods and cut off opportunity for generations. The Washington Post reports Foxx’s interest in talking about the issue and how to rectify it “appears unprecedented.” Foxx views freeways as an important topic as growth in cities creates more need for infrastructure improvements and expansions. Maybe talking about history will help keep cities from repeating it.

The Place we Call Nowhere” by flickr user Thomas Hawk, CC license CC By-NC 2.0.