2024-10-09 09:00:10
Business
Automotive
Boeing's Labor Dispute Escalates Amid Financial Strain
Image courtesy of : AFP (JASON REDMOND)
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Yahoo Finance
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The strike has shut down Boeing's key commercial manufacturing base on the U.S. West Coast, and the company is flirting with a ratings downgrade as the work stoppage continues to take a toll on its finances.
Yahoo News
Boeing halts talks, withdraws pay offer to striking union
Economy
Finance
Politics
Boeing has withdrawn its pay offer to 33,000 U.S. factory workers as a strike nears its fourth week. Talks between Boeing and the union collapsed, with the union seeking a 40% pay rise over four years and the restoration of a defined-benefit pension. Boeing is on the brink of losing its investment grade credit rating and has introduced temporary furloughs for thousands of salaried employees. Boeing made an improved offer last month that would give workers a 30% raise and restore a performance..
The Guardian
Boeing withdraws 30% pay rise offer as negotiation with striking workers reaches stalemate
Economy
Finance
Boeing withdraws 30% pay offer, union seeks 40% raise, pension; negotiations collapse as 737 MAX, 767, 777 factories shut; company faces credit downgrade, furloughs staff, explores cash preservation through stock, equity sales; Boeing's "best and final" offer included 30% raise, performance bonus, but union says it refused wage increases, vacation/sick leave, ratification bonus, 401k Match/SCRC Contribution.
gmx
Boeing withdraws offer to striking workers
Economy
Politics
Boeing withdraws offer to striking workers; IAM union demands a 40% income increase over 4 years; The company sees its competitiveness endangered.
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