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Thousands of Boeing machinists walked off the job in 2024 after rejecting a proposed deal that would have raised their wages by 25% over four years. The strike shut down production of Boeing's ...
Boeing (BA) stock hovered near 52-week lows on Tuesday after the planemaker's largest union went on strike last week and analysts estimated that the company could lose over $100 million per day ...
Boeing stock fell more than 3% on Wednesday after negotiations with its machinist union broke down and the aircraft maker withdrew its contract proposal.The company also faces the threat of an S&P ...
Boeing's largest union urged new CEO Kelly Ortberg on Tuesday to get more involved in contract negotiations to end a strike by around 33,000 U.S. West Coast workers, after the U.S. planemaker cut ...
The first Boeing strike since 2008 started on September 13, 2024, after workers rejected a contract with a 25% pay raise over 4 years. The strike affected the production of Boeing's 737, 777 and 767 jets and cost the company $3 billion.
McDonnell Douglas was a major American aerospace manufacturing corporation and defense contractor, formed by the merger of McDonnell Aircraft and the Douglas Aircraft Company in 1967. It produced commercial and military aircraft, such as the DC-10 and the F-15 Eagle, and missiles, such as the Thor and the Saturn V rocket, until it merged with Boeing in 1997.
The stock has declined almost 65% from its all-time high of $440.62 in March 2019. More pressing, however, is the possibility of the company’s debt being downgraded to junk.
A strike by about 27,000 machinists at Boeing over outsourcing, job security, pay, and benefits began September 7, 2008. [1] [2] [3]The union, International Association of Machinists, and Boeing appeared unwilling to compromise to settle the strike.