Proud For Profits
  • Investing
  • Stock
  • Latest News
  • Economy
  • Investing
  • Stock
  • Latest News
  • Economy
No Result
View All Result
Proud For Profits
No Result
View All Result
Home Stock

Boeing workers to go on strike as union rejects labor deal

by
September 13, 2024
in Stock
0
Boeing workers to go on strike as union rejects labor deal

Investing.com– More than 30,000 Boeing Co (NYSE:BA) workers will go on strike from Friday after the company’s West Coast factory workers voted to strike over demands for higher pay, presenting more challenges for the planemaker. 

The strike is set to commence from midnight, Pacific time (0700 GMT), and is the company’s first major strike since 2008. Reports from local media outlets in Washington showed 96% of workers voted in favor of the strike, with workers stating that the pay and benefits offered by the company in recent negotiations were insubstantial to live on.

The strike represents another major headwind for the planemaker, which is struggling to restore its reputation in the wake of more quality issues with its crafts. Scrutiny of Boeing was rekindled this year after a door panel blew off a 737 MAX jet in January, while a failure in the company’s Starliner spacecraft stranded two astronauts aboard the International Space Station. 

Friday’s strike represents another major challenge for new Boeing CEO Kelly Ortberg, who was appointed in August to help restore the legacy planemaker’s reputation.

Boeing’s last strike, in 2008, had cost the company roughly $1.3 billion in staggered production and higher wages.

This post appeared first on investing.com
Previous Post

Boeing workers going on strike after 96% vote for walkout

Next Post

NTSB chair told Boeing CEO that planemaker has safety culture problem

Next Post
NTSB chair told Boeing CEO that planemaker has safety culture problem

NTSB chair told Boeing CEO that planemaker has safety culture problem

Enter Your Information Below To Receive Trading Ideas and Latest News

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Popular News

    Nearly all of DC shut down for Trump’s inauguration. So why was there no designated survivor?

    Nearly all of DC shut down for Trump’s inauguration. So why was there no designated survivor?

    January 22, 2025
    Trump’s FBI overhaul begins as Acting Director Brian Driscoll puts ‘untouchable’ feds on notice: former agent

    Trump’s FBI overhaul begins as Acting Director Brian Driscoll puts ‘untouchable’ feds on notice: former agent

    January 22, 2025
    5 Top Canadian Oil and Gas Dividend Stocks in 2025

    5 Top Canadian Oil and Gas Dividend Stocks in 2025

    January 22, 2025
    Track all markets on TradingView

    About Proud For Profits

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Main Categories

    • Investing
    • Stock
    • Latest News
    • Economy

    Latest News

    • Nearly all of DC shut down for Trump’s inauguration. So why was there no designated survivor?
    • Trump’s FBI overhaul begins as Acting Director Brian Driscoll puts ‘untouchable’ feds on notice: former agent
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 proudforprofits.com | All Rights Reserved

    No Result
    View All Result
    • Investing
    • Stock
    • Latest News
    • Economy

    Copyright © 2025 proudforprofits.com | All Rights Reserved