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Boeing ended its dividend payout in 2020 and its share buybacks in 2019. By then the company was confronting a tide of red ink. From 2019 through 2023, Boeing lost $26 billion on revenues of $307. ...
On September 13, 2024, more than 33,000 machinists at aircraft maker Boeing went on strike, the first by the union since 2008. [2]According to the International Association of Machinists and Aerospace Workers, 94.6% of workers voted to reject a contract promising a 25% pay raise over 4 years, and 96% voted to approve the strike, surpassing the two-thirds threshold.
Boeing has a huge backlog of orders, which it values at more than $500 billion. The company's defense and space business is a major government contractor, although that business too is struggling.
Boeing seems ready to get back to the table. But there is an obvious breakdown in trust between management and the workforce – and equally between the workforce and the union leadership, ...
September 13, 2024 at 2:41 AM. Factory workers at Boeing will walk off the job Friday after members voted late Thursday evening in favor of a strike, according to a report. "This is about respect ...
A.J. Jones, a quality inspector who has been at Boeing for 10 years, was among the workers picketing on a corner near Boeing's Renton campus. He said he was glad union members had decided to hold ...
Aircraft assembly workers walked off the job at at Boeing factories near Seattle and elsewhere early Friday after union members voted overwhelmingly to go on strike. Organized labor has made ...
September 9, 2024 at 5:06 AM. The tentative deal comes just days before a strike at Boeing's main factories [Getty Images] Boeing is offering its staff a 25% pay rise over four years in a bid to ...