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This Labor Strike Just Cost 10% of Boeing's Workers Their Jobs
BoeingBoeing(US:BA) The Motley Fool·2024-10-19 19:07

Will there be anything left of Boeing -- that's worth investing in -- by the time this strike ends?Boeing's labor strike entered its sixth week on Friday. With 33,000 workers from the International Association of Machinists (IAM) off the job and on the picket lines, Boeing (BA -0.20%) production of 737, 767, and 777 airliners is shut down and, according to even the most conservative estimates, Boeing is losing 1billionamonthasthestrikedragson.(Otherestimatesriseashighas1 billion a month as the strike drags on. (Other estimates rise as high as 1 billion a week.)Wit ...