Boeing has warned of layoffs in its Space Launch System moon rocket program, saying it expects to have about 400 fewer positions in line with revisions to NASA's Artemis program and cost expectations.
The Seattle-based aerospace manufacturer said it will issue 60-day notices of involuntary layoffs to the affected employees in the coming weeks.
"We are working with our customer and seeking opportunities to redeploy employees across our company to minimize job losses," a Boeing spokesperson said via email.
The Artemis program, which is estimated to cost $93 billion (AED 341 trillion) through 2025, was established by the US space agency during the first administration of President Donald Trump. It represents the flagship American effort to return astronauts to the moon for the first time since NASA's Apollo 17 mission.
The program, however, has had significant delays and rising costs.
Artemis 2, previously planned for late 2024 and involving a crewed flight around the moon, is now scheduled for September 2025. Artemis 3, planned as the first astronaut moon landing under the program, is now planned for September 2026, delayed from late 2025.
The Dubai Ports Authority has held a coordination meeting with shipping companies, cargo operators and key partners to enhance the efficiency of container movement and goods through Dubai's ports.
Abu Dhabi Future Energy Company, Masdar, has announced financial close for the world's first gigascale 24/7 renewable energy project, marking a defining milestone in the commercialisation of the next generation of clean energy infrastructure.
Volkswagen may need to cut about 50,000 more jobs to match the competitiveness of rivals, its CEO told staff in an internal memo, effectively confirming for the first time that the automaker is looking to reduce up to 100,000 positions.
The UAE has welcomed the US government's decision to elevate the UAE to an 'A5' export control designation, highlighting that it advances the decades of bilateral cooperation in technology, security, trade and investment.
Meta said it is discontinuing an AI feature launched this week that allowed users to generate images using public Instagram accounts, after drawing widespread criticism over privacy concerns, including from a Hollywood union.
The UAE Presidential Court has announced a four-day period of mourning following the death of Sheikh Hamad bin Khalifa Al Thani, the former Emir of Qatar and father of the country's current Emir.