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Boeing Just Lost $10 a Share -- and It Wasn't All Because of the Strike
How big were those losses? If we subtract the $3 billion in charges for the 777X and 767 programs from the $4 billion total loss at the commercial airplanes division, this implies the strike cost Boeing $1 billion in Q3 from sales lost during the strike. This further implies that strike-related losses will cost Boeing another $2 billion in Q4.
Boeing to return lost pay to staff furloughed during strike, Seattle Times says
CEO Kelly Ortberg issued a message to staff who were furloughed during the machinists’ strike Thursday saying the company
Boeing CEO Says Furloughed Workers Will Be Paid for Lost Time
Boeing Co. Chief Executive Officer Kelly Ortberg moved to patch up relations with workers after a bruising seven-week strike, saying the company would pay employees who were put on mandatory leave during the disruption at its Seattle manufacturing hub.
Boeing to repay furloughed staff, proceed with job cuts
Boeing CEO Kelly Ortberg said on Thursday that employees furloughed during a seven-week strike by factory workers would be repaid by the company for lost wages, but it would proceed with plans to cut about 10% of its global workforce.
Boeing to refund lost pay to employees furloughed during Machinists strike
In a goodwill gesture to Boeing employees who were furloughed during the Machinists’ strike, new CEO Kelly Ortberg on Thursday afternoon sent out a message saying the company will return the pay they lost.
Boeing CEO announces furloughed employees will be paid back
Boeing CEO Kelly Ortberg announced on Friday that employees who were furloughed during the strike will be repaid.
Boeing To Repay Furloughed Employees, But Will Still Proceed With Job Cuts
The planemaker's CEO, Kelly Ortberg, stated that while factory workers would be repaid for lost wages, the company would still go ahead with its plans to slash approximately 10% of its workforce globally.
Opinion
20h
on MSN
Opinion
Opinion: Hoping Boeing's labor agreement marks a new phase of manufacturing growth
Shortly before the vote that ended the Machinist’s strike against Boeing, an unprecedented group of 53 manufacturing ...
Valley Public Radio
2d
With the strike over, Boeing tries to refocus on what made the company iconic
Boeing’s machinists are returning to work after a bruising strike. But the aerospace giant still has big long-term problems ...
13d
Boeing said to be exploring sale of some of its space business
One of Greater Washington's largest public companies is said to be exploring the sale of some of its space business.
MyNorthwest.com
3d
Economist: Boeing contract will have big impact on housing in Western Washington
The new Boeing contract will likely boost housing demand by increasing incomes and job security for machinists, an economist ...
5d
Boeing strike ends after workers vote to accept “life-changing” wage increase
More than 33,000 Boeing workers reached a tentative agreement Monday night to end a weeks-long strike that quickly became one ...
12d
Boeing Strikers Want Their Pension Plan Back, But It’s a Long-Shot Demand
A five-decade trend shows the number of workers on pension plans shrank by nearly 75 percent, making this contract objective ...
10d
Congress protests ‘revolving door’ to Boeing while rushing through it
Boeing
alone has hired 315 people formerly employed by Congress since 2000, primarily into lobbying roles, a Seattle Times ...
Newsweek on MSN
5d
Union Ends Strike, 'Happy Election Day! Boeing Workers Have a Contract!'
The X account Daily Union Elections posted in response "Happy Election Day! Boeing workers have a contract!" The Boeing ...
MyNorthwest.com
1d
Man pleads not guilty to 44-year-old cold case murder of Boeing employee
The man, arrested last August, pled not guilty to the 1980 cold case murder of a Boeing employee in Kent Thursday.
ABC News on MSN
5d
Boeing workers agree to new contract offer, concluding strike
The new offer delivers higher pay increases and a bolstered ratification bonus that would deliver each worker $12,000 if the ...
The Associated Press - Business News on MSN
5d
Boeing machinists hold contract vote that could end their 7-week strike
The voting has closed for unionized factory workers at Boeing who were deciding whether to accept a contract offer or to ...
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