“ Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. It has been a challenging year for Boeing. It all began with a door panel detaching from a plane during a flight. Subsequently, machinists at the company went on strike. Recently, Boeing disclosed its … Read more
Boeing had a challenging day that was expected to improve on Wednesday night. However, it did not as more than 32,000 striking factory workers rejected Boeing’s latest contract offer after the company reported a $6 billion loss for the quarter. With production at Boeing’s facilities in the Pacific Northwest halted, the company’s bargaining power seems … Read more
Boeing workers who are on strike have turned down a new offer from the company, which included a 35% pay increase over four years. The International Association of Machinists and Aerospace Workers (IAM) union stated that 64% of its striking members voted against the proposed deal. Over 30,000 of Boeing’s employees have joined the strike, … Read more
Striking Boeing workers have rejected a labor deal that would have increased pay by 35% over four years, the machinists union announced on Wednesday night. This means that the work stoppage at the Dow Jones aerospace giant will continue. Approximately 64% of union members who voted on Wednesday opposed the tentative agreement that was reached … Read more
The Dow Jones Industrial Average experienced a decline on Wednesday, with McDonald’s (MCD) facing challenges due to an E. coli outbreak. Boeing (BA) also saw a drop in its stock price, while Trump Media & Technology (DJT) managed to reclaim a key benchmark. Warren Buffett, the CEO of Berkshire Hathaway (BRKB), issued a cautionary message … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Boeing has reported a $6 billion loss for the third quarter and has stated that it will continue to experience financial difficulties next year. The new chief executive, Kelly Ortberg, has warned that the company … Read more
Kelly Ortberg’s first earnings report as Boeing Co. CEO has become suspenseful as employees vote on whether to accept the company’s latest proposal and bring an end to a five-week-long strike. Boeing and the union representing 33,000 striking workers have reached a new tentative agreement that includes a 35% pay increase over four years, an … Read more
“ By David Shepardson (Reuters) – Striking machinists at Boeing will vote on a new contract proposal on Wednesday, which includes a 35% pay hike over four years that could potentially end a costly strike that has been ongoing for five weeks, as announced by the company and union on Saturday. Approximately 33,000 of Boeing’s … Read more
People are holding signs during a strike rally for the International Association of Machinists and Aerospace Workers (IAM) at the Seattle Union Hall in Seattle, Washington, on October 15, 2024. Jason Redmond | AFP | Getty Images Boeing and its machinists’ union have reached a new contract proposal, the union said Saturday, outlining a deal … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The union representing 33,000 striking Boeing machinists said on Saturday that it had reached a tentative agreement to end a month-long work stoppage that has crippled the plane maker. The International Association of Machinists and … Read more