Boeing temporarily suspends tens of thousands of workers amid machinist strike
Boeing is furloughing tens of thousands of workers amid a major machinist strike. Last week, 96% of the 33,000 Boeing machinists voted to reject a new contract and instead strike. Though negotiations have continued,
Boeing preps to furlough executives, managers as machinist strike nears
Boeing will furlough tens of thousands of its executives, managers and others as more than 30,000 machinists intend to go on strike Friday in Seattle and Oregon.
A strike by Boeing factory workers shows no signs of ending after its first week
Boeing has started rolling furloughs of nonunion employees as a week-old labor strike by 33,000 union machinists shows no signs of ending.
Boeing Furloughs Tens of Thousands Amid Machinist Strike
Boeing will temporarily furlough tens of thousands of US-based employees due to a machinist strike halting production of key aircraft models. The company faces financial strain with $60 billion of debt and a 40% stock drop this year.
Boeing’s machinist union chief is said to expect worker strike
“The response from people is it’s not good enough,” Jon Holden, president of the International Association of Machinists District 751, said in an interview with the Seattle Times. “Right now, I think it will be voted down, and our members will vote to strike.”
Boeing says it has a deal to avoid a strike by more than 30,000 machinists
Boeing has a tentative agreement with its largest union on a new contract for factory workers that could avoid a threatened strike.
Boeing Girds for Long Strike as Gig Economy Gives Workers Clout
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 starts furloughing tens of thousands of employees amid machinist strike
CNBC's Joe Kernen reports on the latest news.
Boeing announces temporary furloughs to preserve cash during strike
CEO Kelly Ortberg said the company needs to take "difficult steps" to preserve cash while the machinist strike continues.
Boeing Braces For Turbulence As Strikes, Furloughs Send Stock Sliding, Bearish Signals Prevail
Boeing's stock has been affected by a machinist strike, causing furloughs and tensions. Stock price is below EMAs and SMA, ...
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Massive Boeing machinist strike hits KC-46 tanker production
Boeing's CFO said the strike will affect a facility working on the KC-46 and increase the program's cost pressures.
Boeing Machinist Strike Adds Cash Crunch to New CEO’s Rescue Mission
Ratings firms are warning that a prolonged work stoppage could sink the jet maker’s debt into junk status.
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Boeing to begin furloughs, leadership takes a pay cut, as machinist strike continues
As Boeing's machinists continue to strike, furloughs and pay reductions are in store for the rest of the company.
Boeing execs barred from flying business class to save money during strike
In a memo to employees on Monday, Boeing CFO Brian West outlined the steps that the company is taking to cut costs during a ...