Boeing Just Lost $10 a Share -- and It Wasn't All Because of the Strike
How big were those losses? If we subtract the $3 billion in charges for the 777X and 767 programs from the $4 billion total loss at the commercial airplanes division, this implies the strike cost Boeing $1 billion in Q3 from sales lost during the strike. This further implies that strike-related losses will cost Boeing another $2 billion in Q4.
Boeing to refund lost pay to employees furloughed during Machinists strike
In a goodwill gesture to Boeing employees who were furloughed during the Machinists’ strike, new CEO Kelly Ortberg on Thursday afternoon sent out a message saying the company will return the pay they lost.
Boeing to return lost pay to staff furloughed during strike, Seattle Times says
CEO Kelly Ortberg issued a message to staff who were furloughed during the machinists’ strike Thursday saying the company
Boeing CEO Says Furloughed Workers Will Be Paid for Lost Time
Boeing Co. Chief Executive Officer Kelly Ortberg moved to patch up relations with workers after a bruising seven-week strike, saying the company would pay employees who were put on mandatory leave during the disruption at its Seattle manufacturing hub.
Boeing to repay furloughed staff, proceed with job cuts
Boeing CEO Kelly Ortberg said on Thursday that employees furloughed during a seven-week strike by factory workers would be repaid by the company for lost wages, but it would proceed with plans to cut about 10% of its global workforce.
Boeing Machinists End 53-Day Strike with 38 Percent Raise
Striking Boeing Machinists will start returning to work tomorrow after voting for a new contract with substantial wage increases. The 33,000 Seattle-area Machinists voted 59 percent to accept, just two weeks after two-thirds of them voted to reject a slightly worse contract.
New York Times tech employees remain on strike, Guild targets high-paid CEO Meredith Kopit
New York Times Tech Guild remains on strike Thursday and the group has a mobile billboard circling the Gray Lady’s ...
Gaza mourns children killed in Israeli strike as death toll rises
Qatar may pull out of ceasefire talks unless both sides commit more fully Israeli strike on Tyre, Lebanon kills at least ...
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Teachers in 2 Massachusetts school districts go on strike
Teachers in two Massachusetts school districts have gone on strike over pay, paid parental leave and other issues.
Boeing’s Strike Is Over. Its Problems Are Not.
The aerospace manufacturer and its new chief executive face a daunting to-do list, including improving quality and increasing ...
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Suburban SEPTA union workers vote to authorize strike
UPPER DARBY, Pa. (WPVI) -- Suburban SEPTA bus, trolley, and train operators voted overwhelmingly to authorize a strike on ...
No deal, no strike: SEPTA and transit union will continue talks despite contract expiring
Leaders of SEPTA’s largest employee union, Transport Workers Local 234, and the transit agency’s management agreed Thursday ...
Teachers in Beverly, Gloucester go on strike, schools closed Friday
According to the Beverly Teachers Association, they have been working to reach a deal on a new contract for almost a year.
Montreal Port Urges Trudeau Government to End Strike
The Montreal Port Authority is calling on Canadian Prime Minister Justin Trudeau’s government to intervene to end a weeklong ...
Marblehead teachers vote to strike, joining others in Beverly, Gloucester
Educators in Marblehead are the third to vote to strike this week, following colleagues in Beverly and Gloucester.
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Philly schools are bracing for a SEPTA strike that could begin Friday
Some 55,000 students would be impacted by a work stoppage, forcing the district to consider remote instruction for some ...
David Alas’s superb strike catapults East Boston boys’ soccer into Division 4 quarterfinals
David Alas is determined to keep East Boston’s good times rolling. With a second-half wonder goal, the junior midfielder powered the No. 4 Jets past No. 13 Hamilton-Wenham, 2-1, Friday night in the ...