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Boeing’s head of protection unit Ted Colbert to depart By Reuters

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(Reuters) – Boeing (NYSE:) mentioned on Friday that Ted Colbert, president and CEO of its protection, area and safety unit shall be leaving the corporate efficient instantly.

The planemaker mentioned Steve Parker, the unit’s chief working officer, will take over Colbert’s obligations till a alternative is known as at a later date.

Colbert’s departure comes at a time when Boeing has been making an attempt to save lots of money by saying furloughs amid a strike by greater than 32,000 of its employees.

Boeing’s shares closed down about 1% on Friday and have misplaced about 41% to this point this 12 months.

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