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Machinists union rejects Boeing contract offer, extending strike
Fox Business· 2024-10-25 05:35
The union representing 33,000 striking machinists at Boeing rejected the company's latest contract offer Wednesday evening, extending a strike that has strained aircraft production. The International Association of Machinists and Aerospace Workers (IAM) has been on strike since Sept. 13 as they try to extract more concessions from Boeing in their next labor contract. Earlier this month, the IAM said Boeing offered a 35% wage hike over four years, a new incentive plan and a $7,000 ratification bonus, as well ...
Spirit AeroSystems weighs hundreds more furloughs or layoffs if Boeing strike goes beyond Nov. 25
CNBC· 2024-10-25 02:31
文章核心观点 - 波音737机身零件制造商Spirit AeroSystems正考虑如果波音工人罢工持续超过11月25日,可能会裁员数百人 [1] - 波音工人罢工已经进入第6周,他们以64%的比例投票拒绝了新的劳动合同,导致波音大部分飞机生产停滞 [1] - Spirit AeroSystems已经准备在下周暂时裁员约700名位于威奇托的员工,如果罢工持续可能会进一步裁员 [1] 根据相关目录分别进行总结 波音工人罢工对供应链的影响 - 波音工人罢工已经持续6周,对波音的主要生产中心造成了严重影响 [1] - 波音供应商Spirit AeroSystems正考虑进一步裁员,因为他们在疫情后刚刚重建了工人队伍 [2] - 空客也面临着类似的供应链压力 [2] 波音工人罢工的背景 - 9月13日,超过32,000名波音工人在普吉特湾地区、俄勒冈州和其他地区罢工,他们拒绝了之前的临时协议 [2]
Boeing Turnaround Will Require 'Hurculean' Effort—Here's Why Analysts Are Optimistic
Investopedia· 2024-10-24 22:11
Key TakeawaysBoeing reported a $6 billion quarterly loss on Wednesday and has seen its shares decline 40% this year, yet no Wall Street analysts tracked by Visible Alpha recommend selling the stock.Workers rejected a new contract proposal on Wednesday evening, extending a costly monthlong strike and leaving in place a major hurdle standing between the company and a long-awaited turnaround.Boeing's return to glory could take a decade, according to Bank of America analysts, who are optimistic the company can ...
Goldman's Lost Decade Forecast: These 3 Growth Stocks Can Win
MarketBeat· 2024-10-24 20:02
The stock market is about to undergo a major global shift. Over the next decade, the generational wealth accumulated over the past ten years may shift into a stagnant phase, resembling Japan’s "Lost Decade" for U.S. stocks. The reason behind this view is pretty clear, and investors will understand more about these impacts in just a minute.Analysts at Goldman Sachs have now stated that they expect the broader S&P 500 index to only deliver an annualized return of 3% for the next ten years, meaning trouble for ...
Boeing had a tough 24 hours, but with CEO Kelly Ortberg's turnaround plan, analysts remain hopeful
Business Insider· 2024-10-24 19:50
文章核心观点 - 波音公司发布了巨额亏损的第三季度财报,其关键西雅图工厂的工人罢工也是主要原因[1][2][3] - 波音公司CEO承诺将公司转型,并提出了四点计划[2] - 分析师对波音公司未来增产和发展持乐观态度[4][5] 公司情况总结 - 波音公司第三季度亏损61亿美元,主要受西雅图工厂罢工影响[2] - 公司计划裁员10%,并推迟777X项目[3] - 公司面临供应链制约和监管审查,但仍有超过5400架飞机的订单积压[4][5] 行业情况总结 - 如果波音和空客能提高交付,积压订单将减少,客户信心将提高[5] - 中国商飞尚未成为波音-空客二元格局的有力挑战者[5] - 分析师建议波音制定清晰的产品战略,以免在窄体市场进一步落后于空客[5]
Boeing Stock Drops as Machinists Reject Latest Deal, Continuing Strike
Investopedia· 2024-10-24 18:06
KEY TAKEAWAYSBoeing shares are falling in premarket trading after its machinists union rejected a new contract offer, continuing a crippling strike at the plane maker that started six weeks ago.The 33,000 members of the International Association of Machinists (IAM) voted 64% against a proposed deal that would have given them a 35% wage increase over four years.The workers had wanted a 40% pay hike and a reinstatement of Boeing's pension plan. The company posted an enormous third-quarter loss Wednesday and s ...
Boeing workers reject latest offer as company says it's losing tens of millions every day
Sky News· 2024-10-24 17:15
Boeing staff have rejected the latest 35% pay rise, committing to further strikes as the company faces massive losses and delivery delays. As many as 33,000 workers at Boeing plants in Washington state, Oregon and California have rejected a proposal to increase wages by just over a third over four years as their union said "after 10 years of sacrifices we still have ground to make up". Just hours earlier the plane maker published results showing whopper losses of $6bn (£4.6bn) for just three months in part ...
Boeing said it's lost another $250 million on the Starliner project
Business Insider· 2024-10-24 15:10
Boeing has recorded another $250 million loss on its Starliner program.New CEO Kelly Ortberg said Boeing will not walk away from its loss-making contracts.Boeing has lost $1.85 billion on the Starliner program to date. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. Email a ...
Boeing Factory Workers Vote To Reject Latest Contract Offer And Continue Strike
Forbes· 2024-10-24 13:04
ToplineBoeing’s striking factory workers voted to reject the company’s latest contract on Wednesday night and extend their work stoppage—which began six weeks ago—in a major blow to the plane maker, which reported a $6 billion quarterly loss on Wednesday.People hold sings during a strike rally for the International Association of Machinists and ... [+] Aerospace Workers (IAM) at the Seattle Union Hall in Seattle.AFP via Getty Images Key FactsThe International Association of Machinists and Aerospace Workers ...
Boeing workers vote to reject deal to end strike, union says
The Guardian· 2024-10-24 10:56
Boeing workers have rejected the latest offer to end the more than a month-long strike that has crippled the already struggling manufacturing giant.In a blow to Boeing and the Biden administration, which has fought for a resolution to the dispute, 64% of the 33,000 members of the International Association of Machinists and Aerospace Workers union voted to reject the contract, the union said late on Wednesday.“After 10 years of sacrifices, we still have ground to make up, and we’re hopeful to do so by resumi ...