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(Reuters) -Boeing's largest union urged new CEO Kelly Ortberg on Tuesday to get more involved in contract negotiations to end a strike by around 33,000 U.S. West Coast workers, after the U.S ...
The strike is expected to deepen that financial hole. A 50-day work stoppage would cost Boeing $5.5 billion, investment bank TD Cowen said in a report reviewed by ABC News at the outset of the ...
The labor standoff — the first strike by Boeing machinists since an eight-week walkout in 2008 — was the latest setback in a volatile year for the aerospace giant.
With the strike hitting Boeing’s bottom line by as much as $1.8 billion thus far, the plane maker needs to make a deal soon. Boeing shares are already down an astounding 40% year to date.
The strike by 33,000 machinists will not disrupt airline flights anytime soon, but it is expected to shut down production of Boeing's best-selling jetliners, marking yet another setback for a ...
A labor strike at Boeing showed no signs of ending Friday, as the walkout by 33,000 union machinists entered its eighth day and the company started rolling furloughs of nonunion employees to ...
The union representing Boeing factory workers who are currently on strike in the Pacific Northwest said contract talks “broke off” with the company after their latest bargaining session. In an ...
Boeing workers went on strike in 2008 for nearly two months. The ultimate financial impact of this strike will depend on how long it lasts. Boeing shares fell 4% in premarket trading Friday.