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Boeing strike enters 2nd month as workers rally in Seattle
Boeing strike enters second month as workers rally in Seattle
Boeing factory workers held a large rally in Seattle to demand a better wage deal, mounting pressure on new CEO Kelly Ortberg to end a bitter strike that has plunged the planemaker further into financial crisis.
Boeing's labor strike is so bad that the US Labor Secretary just flew to Seattle to help
Su encouraged negotiations during the stoppage earlier this month involving 45,000 dockworkers on the East and Gulf Coast ports.
Boeing's Labor Strike Enters Week 5: How Bad Could This Get?
Depending on whom you ask, Boeing is losing anywhere from $1 billion per week (says The Washington Post) to $1 billion per month (says CNBC) as this strike drags on. Prior guesses have ranged as high as $100 million to $150 million per day (which works out to $3 billion to $4.5 billion per month).
Boeing Seeks to Line Up Billions in Financing
Boeing Seeks to Line Up Billions in Financing as Strike Goes On
The aerospace giant said it could raise as much as $25 billion in debt or equity over the next three years, including a $10 billion line of credit.
Boeing makes a harsh decision to repair its finances amid strike
The fallout from the massive strike of about 33,000 unionized Boeing (BA) is workers is becoming more problematic every day. It’s been over a month since the workers first hit the picket lines fighting for higher pay,
Boeing plans to raise up to $35B to shore up finances as strike continues
Boeing announced in a regulatory filing that it plans to raise up to $25 billion in a stock and debt offering and has entered into a $10 billion credit agreement.
1h
Boeing is raising $10 billion from 4 major banks — and could sell another $25 billion in securities
Boeing has faced a litany of challenges in 2024, including the Alaska Airlines blowout, a mass strike, job cuts, and a CEO ...
15h
on MSN
Boeing shores up cash reserves as labor strike, operations costs soar
Boeing (BA) made two big moves late Monday night to shore up its balance sheet as the company faces an extremely difficult ...
2d
Boeing to cut 17,000 jobs, delay first 777X jet as strike hits finances
Oct 11 (Reuters) - Boeing will cut 17,000 jobs -- 10% of its global workforce -- delay first deliveries of its 777X jet by a ...
2d
on MSN
Union Strike, New CEO: Why Boeing's Issues May Only Get Worse for the Stock
Boeing and its new management team have not matched the union demands, causing a pause in production at its factories and a ...
CNN on MSN
2h
What Boeing’s massive financial crisis means for you
After 33,000 members of the International Association of Machinists went on
strike
against the company a month ago, ...
Greek Reporter
3h
Boeing Is Preparing for War With Its Own Workers
Boeing is prepared to raise $25 billion via a stock and debt offering and has entered into a $10 billion credit agreement ...
16h
on MSN
Boeing to Sell Stock to Raise Cash. It Isn’t About the Strike.
Aerospace firm Boeing disclosed it plans to raise up to $25 billion by selling securities. The company had about $20 billion ...
19h
on MSN
Boeing to send pink slips to thousands of workers within weeks as January layoffs loom: report
Boeing will be sending out thousands of layoff notices after CEO Kelly Ortberg last week announced the company would be ...
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