Boeing factory strike crosses 1-month mark as pressure mounts on new CEO
Publishing timestamp: 2024-10-14 14:00:01
Summary
Boeing plans to cut 10% of its workforce, including executives and managers, as the factory strike continues. The company is facing deepening losses and financial challenges, with the CEO facing pressure to drum up cash and stop the bleeding. Stock prices are down almost 43% this year, and S&P Global Ratings warned of a potential downgrade to junk status. Boeing's struggles are impacting its suppliers as well.
Sentiment: NEGATIVE
Keywords: boeing co, transportation, travel, spirit aerosystems holdings inc, business, life, breaking news: economy, business news, economy, breaking news: business, airlines, personnel, labor economy, aerospace and defense industry,
Source: https://www.cnbc.com/2024/10/14/boeing-factory-strike-1-month.html