The Boeing strike has already cost the company and its workers $572 million – and the pace of losses is climbing
The strike at Boeing by 33,000 members of the International Association of Machinists union, which reaches its seventh day today, has already cost the company and workers $572 million, according to an estimate from Anderson Economic Group.
Boeing set to start large-scale furloughs due to machinists strike
Boeing's CEO says it will start furloughing "a large number" of employees to conserve cash during the strike by union machinists that began last week​.
Boeing CEO says the company will furlough a ‘large number’ of employees to preserve cash during strike
Boeing’s CEO says the company will begin furloughing a large number of employees to save cash during a strike by union machinists.
Boeing says it's considering temporary layoffs to save cash during the strike by machinists
SEATTLE -- Boeing plans to freeze hiring and reduce travel and is considering temporary layoffs to save cash during a factory workers’ strike that began last week, the company told employees Monday. The company said the moves, which include reduced spending on suppliers, were necessary because “our business is in a difficult period.”
Boeing furloughing thousands as negotiations continue with striking machinists
The furloughs are part of sweeping cost-cutting measures Boeing announced this week as it continues negotiations with striking machinists.
Boeing will furlough workers soon to preserve cash during strike, CEO says
Boeing top executive said Sept. 18 that the company will begin furloughing "a large number" of workers to conserve cash during the strike by union machinists that began last week. CEO Kelly Ortberg said the employees who would be required to take time off without pay starting in the coming days include executives,
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.
Boeing is reducing executive pay and furloughing nonunion workers during the strike
Boeing is temporarily furloughing executives and other nonunion workers to save cash during the strike by 33,000 members of the International Association of Machinists, CEO Kelly Ortberg told employees in an email Wednesday.
Boeing is furloughing workers to save cash during its machinists' strike
Boeing (BA) is making good on a threat to its workers made in light of its machinists’ strike. The company has begun furloughing workers as it faces a pause in production during the work stoppage.
Boeing to furlough ‘large number’ of US executives after 30K workers strike
Boeing CEO Kelly Ortberg said Wednesday the planemaker will temporarily furlough numerous US executives and other employees after about 30,000 machinists went on strike Friday, halting production of its 737 MAX and other airplanes.
Boeing lays off thousands of executives, managers, non-union contractors amid strike
Boeing said Wednesday it is temporarily laying off tens of thousands of managers, executives and non-union contractors as the ...
Still no 'best and final offer' in Textron Aviation, Machinists Union talks 3 days from vote
"Now that Textron has had a good past couple years, now it's time to give back to the people who got them there," one union ...
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Butte machinists avert strike for now, return to contract negotiations with Butte-Silver Bow County
The International Association of Machinists and Aerospace Workers Local 88 are going back to the table one more time in an ...
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Machinists Report ‘No Meaningful Progress’ In Boeing Talks
The first two days of mediated talks between representatives from Boeing and its striking International Association of ...
A Failure To ‘Read The Room’—How Boeing And The Machinists Fell Into The Strike
The International Association of Machinists on Friday overwhelmingly voted to reject the offer that had been accepted by ...
International machinist union president joins Boeing workers on picket line in Portland
International Association of Machinists and Aerospace Workers International President Brian Bryant demanded Boeing return to negotiation table at Thursday's rally.
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Textron Aviation, Machinists ‘Far Apart’ In Labor Talks As Vote Nears
Union members at Textron Aviation held the rally at Naftzger Park in downtown Wichita near the hotel where company and union ...
Boeing workers go on strike after overwhelming votes to reject contract offer and walk off the job
Machinists at Boeing have gone on strike, another setback for the aviation giant whose reputation and finances were already ...