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Boeing Stock Drops as Machinists Reject Latest Deal, Continuing Strike
Investopedia· 2024-10-24 18:06
KEY TAKEAWAYSBoeing shares are falling in premarket trading after its machinists union rejected a new contract offer, continuing a crippling strike at the plane maker that started six weeks ago.The 33,000 members of the International Association of Machinists (IAM) voted 64% against a proposed deal that would have given them a 35% wage increase over four years.The workers had wanted a 40% pay hike and a reinstatement of Boeing's pension plan. The company posted an enormous third-quarter loss Wednesday and s ...
Boeing workers reject latest offer as company says it's losing tens of millions every day
Sky News· 2024-10-24 17:15
Boeing staff have rejected the latest 35% pay rise, committing to further strikes as the company faces massive losses and delivery delays. As many as 33,000 workers at Boeing plants in Washington state, Oregon and California have rejected a proposal to increase wages by just over a third over four years as their union said "after 10 years of sacrifices we still have ground to make up". Just hours earlier the plane maker published results showing whopper losses of $6bn (£4.6bn) for just three months in part ...
Boeing said it's lost another $250 million on the Starliner project
Business Insider· 2024-10-24 15:10
Boeing has recorded another $250 million loss on its Starliner program.New CEO Kelly Ortberg said Boeing will not walk away from its loss-making contracts.Boeing has lost $1.85 billion on the Starliner program to date. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. Email a ...
Boeing Factory Workers Vote To Reject Latest Contract Offer And Continue Strike
Forbes· 2024-10-24 13:04
ToplineBoeing’s striking factory workers voted to reject the company’s latest contract on Wednesday night and extend their work stoppage—which began six weeks ago—in a major blow to the plane maker, which reported a $6 billion quarterly loss on Wednesday.People hold sings during a strike rally for the International Association of Machinists and ... [+] Aerospace Workers (IAM) at the Seattle Union Hall in Seattle.AFP via Getty Images Key FactsThe International Association of Machinists and Aerospace Workers ...
Boeing workers vote to reject deal to end strike, union says
The Guardian· 2024-10-24 10:56
Boeing workers have rejected the latest offer to end the more than a month-long strike that has crippled the already struggling manufacturing giant.In a blow to Boeing and the Biden administration, which has fought for a resolution to the dispute, 64% of the 33,000 members of the International Association of Machinists and Aerospace Workers union voted to reject the contract, the union said late on Wednesday.“After 10 years of sacrifices, we still have ground to make up, and we’re hopeful to do so by resumi ...
Boeing workers reject the company's latest proposal, which included a 35% wage hike
Business Insider· 2024-10-24 10:34
Boeing workers just rejected a proposal with a 35% wage increase over four years.The strike has halted most of Boeing's manufacturing for over five weeks.Boeing's earnings missed analyst expectations by over 18% amid the ongoing strike. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personalized feed while you're on t ...
Boeing machinists reject new labor contract extending more than 5-week strike
CNBC· 2024-10-24 10:14
People hold 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.Boeing machinists rejected a new labor deal that included 35% wage increases over four years, their union said Wednesday, extending a more than five-week strike that has halted most of the company's aircraft production, which is centered in the Seattle area.This is breaking news. Please refresh for updates. ...
美国波音公司第三季度亏损超60亿美元
中国经济网· 2024-10-24 08:13
据美国波音公司23日报告称,受到罢工等多方面问题影响,该公司第三季度亏损达到61.7亿美元。 美国媒体报道称,这可能是波音公司2020年以来最大的季度亏损。 9月以来,波音公司西海岸工厂约3.3万名工人开始持续近6周的罢工,导致公司生产中断,消耗大量资 金储备。 报告显示,波音公司第三季度现金消耗达到19.6亿美元,远高于去年同期的3.1亿美元。 针对严重的亏损和罢工形势,波音公司首席执行官凯利·奥特伯格23日表示,波音需要"对公司文化进行 根本性的变革",他希望工人能够投票通过公司最新的合同提议,结束罢工。 (央视记者 曹健) ...
Jim Cramer explains why Boeing is a buy even after a troubled quarter: 'They'll be fine once they raise the cash'
CNBC· 2024-10-24 07:06
CNBC's Jim Cramer on Wednesday explained why he thinks Boeing is a buy even though it posted a third-quarter loss of more than $6 billion, saying there simply aren't many competitors who can manufacture aircraft at scale."The worse Boeing's financials might be, the better the buy, because as soon as this machinists strike is over and Boeing raises some money, it'll be back on the road to profitability," he said. "Do not get me wrong, this company is in awful shape — but only two companies on earth can make ...
Boeing's new plan to fix its broken culture: Execs on the factory floor
Business Insider· 2024-10-24 04:05
Boeing's new CEO plans to change the company culture by placing executives on factory floors.This strategy aims to address safety, communication, and trust in Boeing.One analyst said Boeing should have always been connecting its top managers with employees. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personalized f ...