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The strike is expected to deepen that financial hole. A 50-day work stoppage would cost Boeing $5.5 billion, investment bank TD Cowen said in a report reviewed by ABC News at the outset of the ...
The last Boeing strike, in 2008, lasted eight weeks and cost the company about $100 million daily in deferred revenue. A 1995 strike lasted 10 weeks. Show comments
The labor standoff — the first strike by Boeing machinists since an eight-week walkout in 2008 — was the latest setback in a volatile year for the aerospace giant. ... USA TODAY Sports.
Boeing's latest offer includes a 38% wage increase spread over four years, up from a 35% raise in a proposal that was rejected by around two-thirds of the 33,000 striking machinists in a vote 12 ...
Boeing workers went on strike in 2008 for nearly two months. The ultimate financial impact of this strike will depend on how long it lasts. Boeing shares fell 4% in premarket trading Friday.
Boeing on Monday launched a stock offering that could raise up to $24.3 billion to strengthen finances squeezed by the halt to production of its best-selling 737 MAX and its 767 and 777 widebody ...
A labor strike at Boeing showed no signs of ending Friday, as the walkout by 33,000 union machinists entered its eighth day and the company started rolling furloughs of nonunion employees to ...
Boeing employee Adrian Camez, who works in Seattle, stokes the fire of a burn barrel as others arrive to vote on a new contract offer from the company Monday, Nov. 4, 2024, at the Aerospace ...