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Factory workers at Boeing have voted to accept a contract offer and end their strike after more than seven weeks, clearing the way for the company to restart idled Pacific Northwest assembly lines.
Boeing reported on Tuesday an annual loss of $11.83 billion, its largest since 2020, as it grappled with problems at its commercial and defense units and the fallout from a crippling strike by U.S ...
WASHINGTON (Reuters) - Boeing is pausing hiring and taking sweeping steps to conserve cash after about 33,000 workers went on strike on Friday including considering temporary furloughs for many ...
PHOTO: Boeing employees cheer and wave picket signs as a driver honks in support after a majority of union members voted to reject a new contract offer from the company, Oct. 23, 2024, in Renton ...
Boeing's problems have taken a heavy toll on its business. Where once it went toe to toe with its European rival Airbus , it has now delivered fewer aircraft in each of the past five years.
Prior to the pandemic, Boeing's business had been impacted by groundings of its 737 MAX aircraft. [65] By 7 April, Boeing had indefinitely suspended production at Boeing South Carolina and Puget Sound, Washington, completely halting the assembly of its commercial aircraft. [66] On 21 April, Boeing announced a management structure overhaul. [67]
Boeing reported a minor bounce back in sales in February after orders ground essentially to a halt in January following the Alaska Airlines door plug incident.
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 ...