Boeing’s New C.E.O. Calls for ‘Culture Change’ as Strike Vote Looms
Published On Oct 23, 2024, 7:40 AM
Boeing's new CEO, Kelly Ortberg, has outlined a strategy to turn around the troubled aerospace company while addressing the current strike by over 33,000 employees. Ortberg emphasized the need for a culture change and fundamental improvements in operations to regain trust and stabilize the business after reporting a substantial $6.2 billion loss in the last quarter. He expressed optimism that an agreement being voted on by employees could end the strike and allow the company to resume production and address supply chain issues.
Stock Forecasts
BA
Positive
Boeing's outlook is heavily reliant on concluding the strike and restoring production capabilities. If the contract is accepted and operations resume, this could lead to a recovery in Boeing's stock prices. However, if the strike continues or the new contract is rejected, the financial strain will likely worsen, adversely affecting investor confidence.
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