Boeing machinists reject new labor contract, extending more than 5-week strike
Publishing timestamp: 2024-10-24 02:14:15
Summary
Boeing machinists rejected a labor proposal that included 35% raises, leading to an extended strike that is costing the company about $1 billion a month. The rejection is a setback for Boeing, which is already facing financial challenges. The strike is further delaying deliveries for customers and impacting the aerospace supply chain.
Sentiment: NEGATIVE
Keywords: markets, labor economy, boeing co, transportation, spirit aerosystems holdings inc, aerospace and defense industry, breaking news: markets, airlines, business, american airlines group inc, travel, economy, personnel, robert isom, breaking news: economy, life, breaking news: business, business news,
Source: https://www.cnbc.com/2024/10/24/boeing-machinists-new-labor-contract-strike.html