Boeing Machinists Reject 35% Wage Hike Deal, Extending 5-Week Strike Amid $6B Loss And Cash Burn Warnings
Portfolio Pulse from Benzinga Neuro
Boeing machinists have rejected a proposed labor deal, extending a strike that has halted production for over five weeks. The deal included a 35% wage increase, but workers were dissatisfied due to the lack of a pension plan. This strike adds to Boeing's challenges, including a $6 billion quarterly loss.
October 24, 2024 | 4:21 am
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Boeing machinists rejected a labor deal, extending a strike that has halted production for over five weeks. This adds to Boeing's financial challenges, including a $6 billion quarterly loss.
The rejection of the labor deal by Boeing machinists extends a significant strike, halting production and exacerbating Boeing's financial difficulties, including a $6 billion quarterly loss. This is likely to negatively impact Boeing's stock price in the short term.
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