Tags: boeing | workers | overseas | ex im bank

Boeing Considering Moving Work Overseas Due to Ex-Im Saga

Wednesday, 29 Jul 2015 10:30 AM

Boeing Co. Chairman Jim McNerney said on Wednesday the company was actively considering moving "key pieces" of the company to other countries given the ongoing debate in the U.S. Congress over the future of the Export-Import Bank.

"We are now forced to think about this differently," McNerney said in an interview hosted by the Economic Club of Washington, adding that Boeing may move some operations to countries that did offer export credits.

McNerney, who retired as Boeing's chief executive of the company on July 1 after 10 years in the job, said he was questioning his decision to maintain production and jobs in the United States given the debate over export financing.

"I'm beginning to think that maybe I made the wrong decision," McNerney said.

McNerney said he was more worried than ever that the U.S. Congress could fail to reauthorize the Ex-Im Bank, whose charter expired on June 30.

A congressional standoff over U.S. transportation funding deepened on Monday when the No. 2 House Republican said he would reject the Senate's $350 billion multi-year road and mass transit bill, which would have reauthorized the bank.

The jam-up made it less likely that the future of the Ex-Im Bank will be addressed as part of a highway funding bill. The trade bank's next chance to resume lending and guarantee operations would not likely come until September.

© 2017 Thomson/Reuters. All rights reserved.

 
1Like our page
2Share
Companies
Boeing Co. Chairman Jim McNerney said on Wednesday the company was actively considering moving key pieces of the company to other countries given the ongoing debate in the U.S. Congress over the future of the Export-Import Bank.
boeing, workers, overseas, ex im bank
226
2015-30-29
Wednesday, 29 Jul 2015 10:30 AM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved