Boeing Workers Vote to Strike After Rejecting Contract Deal

Published On Sep 13, 2024, 12:48 AM

Thousands of Boeing machinists and aerospace workers began a strike after rejecting a contract proposal that did not meet their demands for raises and benefits. This strike, the first since 2008, has halted production in the Seattle area and could disrupt Boeing's supply chain. Boeing has faced challenges this year, with its stock down nearly 40% and concerns about its debt rating. The White House and federal mediators are expected to facilitate talks between the company and the union next week.

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Stock Forecasts

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Negative

Given the current strike and disruption to Boeing's production and supply chain, along with the significant decline in stock price and ongoing safety crises, the outlook for Boeing's stock remains negative in the short term. Investors may want to be cautious, as the company’s ability to recover is jeopardized until a resolution is reached with the union.

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