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 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 instituted rolling furloughs in September ...
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 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’s Strike Is Over. Its Problems Are Not.
The aerospace manufacturer and its new chief executive face a daunting to-do list, including improving quality and increasing ...
Boeing's strike is over. Now, the hard work starts to turn things around.
CEO Kelly Ortberg has a four-point plan to improve Boeing. Ending the strike is a start, but analysts say it will take time ...
The Boeing strike ends, United stock flies, and all about boarding planes: Airlines news roundup
United Airlines shares are doing really well. Boeing machinists finally voted to end their strike and approve a new union ...
Boeing’s machinists strike is over but the troubled aerospace giant still faces many challenges
The deal includes pay raises of 38% over four years, and ratification and productivity bonuses. Boeing refused to meet a ...
Boeing Union Approves New Contract, Ending Costly Strike
About 33,000 workers at the aerospace manufacturer had been on strike for nearly two months, having rejected two earlier ...
Boeing machinists vote to accept labor contract, ending 7-week strike
Boeing's 33,000 unionized machinists on Monday voted to approve the plane manufacturer's latest contract offer, ending a ...
Boeing factory strike ends as workers vote to accept contract
The work stoppage by 33,000 factory workers at the struggling aerospace giant comes to an end after more than seven weeks.
Strike at Boeing was part of a new era of labor activism long in decline at US work places
Aircraft assembly workers at Boeing factories near Seattle and elsewhere voted to end a seven-week strike overnight. Leaders ...
Boeing workers vote to accept contract proposal, ending strike
Approval of the deal with 38 percent raises over four years is a key step toward recovery after Boeing suffered billions in ...
Boeing strike ends as machinists accept contract offer with 38% pay increase
The contract promises a 38% pay increase over four years and an increased 401(k) match. The striking workers rejected two ...
After Boeing strike, CEO must tackle deep rifts in the company
Ending the strike only stemmed the bleeding at Boeing. Now, CEO Kelly Ortberg, just three months into the job, is faced with ...