A strike by Boeing factory workers shows no signs of ending after its first week
Boeing has started rolling furloughs of nonunion employees as a week-old labor strike by 33,000 union machinists shows no signs of ending.
Boeing to begin furloughs, leadership takes a pay cut, as machinist strike continues
As Boeing's machinists continue to strike, furloughs and pay reductions are in store for the rest of the company.
Boeing starts furloughing tens of thousands of employees amid machinist strike
CNBC's Joe Kernen reports on the latest news.
Boeing Furloughs Tens of Thousands Amid Machinist Strike
Boeing will temporarily furlough tens of thousands of US-based employees due to a machinist strike halting production of key aircraft models. The company faces financial strain with $60 billion of debt and a 40% stock drop this year.
Boeing’s machinist union chief is said to expect worker strike
“The response from people is it’s not good enough,” Jon Holden, president of the International Association of Machinists District 751, said in an interview with the Seattle Times. “Right now, I think it will be voted down, and our members will vote to strike.”
Boeing announces temporary furloughs to preserve cash during strike
CEO Kelly Ortberg said the company needs to take "difficult steps" to preserve cash while the machinist strike continues.
Striking Boeing Workers Maintain Resolve After First Week
"I've never seen Boeing do that before. They might be feeling the pinch, feeling the hurt a little bit, you know--trying to save some money after spending so much money on four CE
Boeing Strike Enters Second Week, Losses Touch $572M
Boeing's machinist strike jeopardizes the company's junk debt position. Unresolved labor issue; stock stable; mounting financial pressure.
Boeing starts furloughs for thousands as strike continues
Boeing said furloughs began on Friday for thousands of employees in Washington State and Oregon, after more than 32,000 workers went on strike last week, halting production of the U.S. planemaker's best-selling 737 MAX and other jets.
Strike by Boeing union machinists nears second week
As the strike nears its second week, union machinists keep up their picketing outside of a Boeing factory in Washington state.
The Boeing strike has already cost the company and its workers $572 million – and the pace of losses is climbing
The strike at Boeing by 33,000 members of the International Association of Machinists union, which reaches its seventh day today, has already cost the company and workers $572 million, according to an estimate from Anderson Economic Group.
Machinist union workers at Textron vote on final contract offer Saturday
The machinists’ union negotiating committee recommends that union members vote in favor of Textron’s final offer.
Boeing temporarily suspends tens of thousands of workers amid machinist strike
Boeing is furloughing tens of thousands of workers amid a major machinist strike. Last week, 96% of the 33,000 Boeing ...
Boeing preps to furlough executives, managers as machinist strike nears
Boeing will furlough tens of thousands of its executives, managers and others as more than 30,000 machinists intend to go on ...
Boeing Machinist Strike Adds Cash Crunch to New CEO’s Rescue Mission
Ratings firms are warning that a prolonged work stoppage could sink the jet maker’s debt into junk status.
Boeing Braces For Turbulence As Strikes, Furloughs Send Stock Sliding, Bearish Signals Prevail
Boeing's stock has been affected by a machinist strike, causing furloughs and tensions. Stock price is below EMAs and SMA, ...
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Massive Boeing machinist strike hits KC-46 tanker production
Boeing's CFO said the strike will affect a facility working on the KC-46 and increase the program's cost pressures.
Boeing execs barred from flying business class to save money during strike
In a memo to employees on Monday, Boeing CFO Brian West outlined the steps that the company is taking to cut costs during a ...