Boeing had offered a new labour contract that would have increased striking factory workers’ wages by 35% over four years.
The strike has derailed the planemaker’s financial recovery, and its after-effects will linger deep into 2025.
Boeing factory workers were also venting frustration after a decade when their wages have lagged inflation and critics have complained that the planemaker spent tens of billions of dollars on share ...
Boeing factory workers voted to reject a contract offer and continue a more than five-week strike on Wednesday, in a blow to investor and management hopes of a resolution to the acrimonious dispute.
Cost overruns at the KC-46 midair refuelling tanker program have surpassed $7 billion in recent years, while another fixed-price contract to upgrade two Air Force One planes has created a $2 billion ...
The planemaker aims for a cultural shift and operational stabilization, focusing on core civil and defense units while ...
SEATTLE, Oct 23 (Reuters) - Boeing U.S. factory workers rejected a new wage offer on Wednesday, extending a strike that is ...
WASHINGTON (Reuters) - Boeing CEO Kelly Ortberg anticipates the planemaker's defense business will continue to struggle under ...
Boeing fell as much as 4%, reversing an earlier gain, after the company indicated the strike and its aftermath would continue ...
As CEO departures rise, many businesses are putting veteran former employees in top jobs to keep shareholders calm.
During a quarterly earnings call, Boeing CEO Kelly Ortberg said the planemaker's problems will take time to fix.
Boeing (BA) presented earnings Wednesday, and they were not good; the company lost $6 billion on $17 billion in revenue amid ...