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 Union Approves New Contract, Ending Costly Strike
About 33,000 workers at the aerospace manufacturer had been on strike for nearly two months, having rejected two earlier contract offers.
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 instituted rolling furloughs in September ...
Boeing’s machinists strike is over but the troubled aerospace giant still faces many challenges
The deal includes pay raises of 38% over four years, and ratification and productivity bonuses. Boeing refused to meet a demand to restore a company pension plan.
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 losses from the work stoppages and safety problems.
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 union approves the deal, according to the International Association of Machinists and Aerospace Workers, the union representing 33,000 Boeing workers in Washington, Oregon and California.
Boeing Machinists Have Ended Their Seven-Week Strike
Striking Boeing machinists started returning to work on Wednesday after voting for a new contract with substantial wage increases. The 33,000 Seattle-area machinists voted 59 percent to accept, just two weeks after two-thirds of them voted to reject a slightly worse contract.
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 ...
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 ...
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 ...
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 ...
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 ...
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With the strike over, Boeing tries to refocus on what made the company iconic
Boeing’s machinists are returning to work after a bruising strike. But the aerospace giant still has big long-term problems ...
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How Julie Su negotiated the end of the Boeing strike
While the world braced for the election earlier this week, acting labor secretary Julie Su was busy solving another crisis — ...
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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 ...