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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 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 ...
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.
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 ...
(Reuters) -A union representing about 33,000 striking U.S. West Coast factory workers said late on Tuesday it had met with Boeing for the first time since members voted down an improved contract ...
Instead, it has faced a string of bad news in recent years, from fatal crashes to increased regulatory scrutiny to the strike by 33,000 workers that started on September 13 that ground operations ...
More than 33,000 machinists employed by aerospace giant Boeing went on strike from September to November 2024. It was the first strike by the International Association of Machinists and Aerospace Workers at Boeing since 2008; most of the striking workers were at the company's plants in Everett and Renton in the Seattle metropolitan area. [2]
The strike was set to cost Boeing $108 million per day in lost revenue, amounting to as much as $5.5 billion in losses should the work stoppage last 50 days, investment bank TD Cowen said in a ...