Published On Oct 8, 2024, 11:24 PM
Boeing has withdrawn its offer for a 30% pay rise to striking workers after negotiations stalled, as both sides failed to reach an agreement. The union representing the workers accused Boeing of refusing to negotiate on the terms. The strike, which involves over 30,000 workers, has halted production at Boeing, leading to further furloughs for staff.
Negative
The withdrawal of Boeing's pay rise offer and the ongoing strike suggest potential operational disruptions and financial strain for the company. Investors should be cautious, as the inability to negotiate could lead to longer-term challenges.
Oct 11, 2024, 5:24 PM
An ongoing strike by Boeing's biggest union, the International Association of Machinists and Aerospace Workers (IAM), is proving costly on several fronts for the company.
An ongoing strike by Boeing's biggest union, the International Association of Machinists and Aerospace Workers (IAM), is proving costly on several fronts for the company.
Oct 11, 2024, 5:17 PM
The company said "executives, managers, and employees" jobs are all at risk