Boeing hopes to end strike as losses mount DW 11/01/2024
Briefly

The strike at Boeing, involving 33,000 factory workers demanding a 40% pay rise, has significant impacts, costing the company an estimated $50 million per day.
Boeing's latest offer aims to end the strike with a proposed 38% wage increase and a $12,000 ratification bonus, as endorsed by the union.
The ongoing strike has forced Boeing to raise approximately $25 billion in new capital to mitigate the financial losses, which reached $7.7 billion in the first three quarters of 2024.
For Boeing, this year has seen not only financial struggles but also a loss of customer confidence, compounded by safety scares and a nearly catastrophic production error.
Read at www.dw.com
[
|
]