Boeing Just Lost $10 a Share -- and It Wasn't All Because of the Strike
How big were those losses? If we subtract the $3 billion in charges for the 777X and 767 programs from the $4 billion total loss at the commercial airplanes division, this implies the strike cost Boeing $1 billion in Q3 from sales lost during the strike. This further implies that strike-related losses will cost Boeing another $2 billion in Q4.
Boeing to refund lost pay to employees furloughed during Machinists strike
In a goodwill gesture to Boeing employees who were furloughed during the Machinists’ strike, new CEO Kelly Ortberg on Thursday afternoon sent out a message saying the company will return the pay they lost.
Boeing to return lost pay to staff furloughed during strike, Seattle Times says
CEO Kelly Ortberg issued a message to staff who were furloughed during the machinists’ strike Thursday saying the company
Boeing CEO Says Furloughed Workers Will Be Paid for Lost Time
Boeing Co. Chief Executive Officer Kelly Ortberg moved to patch up relations with workers after a bruising seven-week strike, saying the company would pay employees who were put on mandatory leave during the disruption at its Seattle manufacturing hub.
Boeing to repay furloughed staff, proceed with job cuts
Boeing CEO Kelly Ortberg said on Thursday that employees furloughed during a seven-week strike by factory workers would be repaid by the company for lost wages, but it would proceed with plans to cut about 10% of its global workforce.
Boeing CEO announces furloughed employees will be paid back
Boeing CEO Kelly Ortberg announced on Friday that employees who were furloughed during the strike will be repaid.
Boeing's strike is over. Now, the hard work starts to turn things around.
CEO Kelly Ortberg has a four-point plan to improve Boeing. Ending the strike is a start, but analysts say it will take time ...
Boeing’s Strike Is Over. Its Problems Are Not.
The aerospace manufacturer and its new chief executive face a daunting to-do list, including improving quality and increasing ...
The Boeing strike ends, United stock flies, and all about boarding planes: Airlines news roundup
United Airlines shares are doing really well. Boeing machinists finally voted to end their strike and approve a new union ...
After Boeing strike, CEO must tackle deep rifts in the company
Ending the strike only stemmed the bleeding at Boeing. Now, CEO Kelly Ortberg, just three months into the job, is faced with ...
Boeing machinists vote to accept labor contract, ending 7-week strike
Boeing's 33,000 unionized machinists on Monday voted to approve the plane manufacturer's latest contract offer, ending a ...
Boeing factory workers strike is over, but that’s just one of the company’s problems
Factory workers at Boeing have voted to accept a contract offer and end their strike after more than seven weeks, ...
Boeing workers vote to accept contract proposal, ending strike
Approval of the deal with 38 percent raises over four years is a key step toward recovery after Boeing suffered billions in ...
Strike at Boeing was part of a new era of labor activism long in decline at US work places
Aircraft assembly workers at Boeing factories near Seattle and elsewhere voted to end a seven-week strike overnight. Leaders ...
ABC News on MSN4d
Boeing workers agree to new contract offer, concluding strike
The new offer delivers higher pay increases and a bolstered ratification bonus that would deliver each worker $12,000 if the ...
The role of the Biden administration in the Boeing sellout
The real focus of the Biden administration has always been to ensure “Boeing’s future as a critical part of America’s ...
The Associated Press on MSN2d
Boeing's machinists strike is over but the troubled aerospace giant still faces many challenges
SEATTLE (AP) — Unionized machinists at Boeing voted Monday to accept a contract offer and end their strike after more than ...