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The strike temporarily halted the production of Boeing's 737, 777 and 767 jets and their derivatives such as the U.S. Air Force KC-46 tanker and Navy P-8 maritime aircraft. [ 4 ] [ 5 ] By October, the strike had cost Boeing an estimated $5 billion.
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. The company had 3,700 jets on back order, which union members hoped would put pressure on ...
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 suspension of airplane production could prove costly for beleaguered Boeing, depending on how long it runs. The last Boeing strike, in 2008, lasted eight weeks and cost the company about $100 ...
Factory workers at Boeing have voted to accept a contract offer and end their strike after more than seven weeks, clearing the way for the company to restart idled Pacific Northwest assembly lines ...
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 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.
The plan came less than a week after Boeing’s more than 30,000 machinists in the Seattle area and Oregon overwhelmingly voted down a new labor contract and 96% voted to strike, walking off the ...