Boeing, strike
Boeing stock at 52-week lows as plane maker furloughs workers to preserve cash
Shares of the aircraft manufacturing giant touched new 52-week lows on Friday as a labor dispute involving its largest unionized workforce — the International Association of Machinists and Aerospace Workers (IAM) — was set to enter into a second week.
Boeing lays off thousands of executives, managers and non-union staff amid strike
Boeing said Wednesday it is temporarily laying off tens of thousands of managers, executives and non-union contractors as the strike by 33,000 union members continues.
Boeing stock sags despite Fed rally, company furloughs workers amid strike
Boeing may prevent its debt being downgraded to junk by issuing more stock, which would deal another blow to current shareholders.
Labor Union Strike Poses a Huge Problem for Boeing
It's no great secret that Boeing has been struggling lately. Plagued by problems with first its 787 Dreamliner program, then its 737 MAX aircraft, and more recently with its defense and space business, Boeing was losing money even before the pandemic struck in 2020.
Boeing union president on company's response to strike
Boeing announced this week it is reducing executive pay and furloughing non-union employees during a strike by 33,000 union members.
'No end in sight': Striking union says 1st round of mediation with Boeing didn't get far
It’s been a week since 96% of Boeing machinists union members voted to initiate a strike in an attempt to get better wages and benefits from the company.
Boeing Worker Side Hustles Could Drag Strike Out for Months
Around Boeing Co.’s vast aircraft manufacturing hub in Seattle, the great belt tightening has begun as the planemaker and its factory workers settle in for a labor dispute that will test the resolve of both sides.
Boeing furloughs executives amid ongoing strike by 33,000 union workers
Boeing is temporarily furloughing executives and other nonunion workers to save cash as 33,000 union members continue to strike.
Boeing union members are angry they lost their pension plan. They’re not likely to get it back
One of the most painful issues dividing labor and management in the strike at Boeing is the loss of the traditional pension ...
Boeing stock hits new low as strike begins, debt heads to junk status
Boeing announced cost-cutting measures Monday as rating agencies consider downgrading its debt to junk and the stock falters.
Boeing bosses blindsided by strike, on brink of crisis
Boeing bosses are staring down the barrel. The twists and turns of the past week paint a picture of managers badly ...
Boeing’s space and defense chief exits in new CEO’s first executive move
Boeing said on Friday that Ted Colbert, president and CEO of its defense, space and security unit will be leaving the company ...