Boeing strike costs pile up
Provided by NFIB — Boeing and the International Association of Machinists were scheduled to meet for negotiations on Friday, but standoffs continued over key issues. {beacon} business and economy business and economy Full text Democrats press companies to lobby for spending ahead of tax battle Democrats want to know how much money big corporations […]
Boeing strike costs top $1.4 billion as pressure on company mounts
It's been two weeks since Boeing's 33,000 machinists went on strike, and the company is bracing for financial fallout. The aircraft maker has put hiring freezes, furloughs, pay cuts for its leaders and forced most of the D.C. lobbying firms it hired to save cash after its machinists walked off the job shortly after midnight […]
Boeing 737’s wheel falls off shortly after landing in Argentina in latest potential safety fail by planemaker
A wheel fell off a Boeing 737 shortly after landing in Argentina, the latest safety flaw from the scandal-scarred aircraft maker. The Aerolineas Argentinas plane was en route from Ushuaia to Buenos Aires around 6pm on Monday when its left rear wheel came off on a taxiway, according to the airline and photos. The Aerolineas […]
Boeing workers felt pressure to prioritize speed over quality: FAA report
Boeing factory workers Reported A Federal Aviation Administration investigation into the company, released on Wednesday, found that employees were pressured to prioritize production speed over quality of work. FAA Administrator Mike Whitaker is scheduled to testify about the findings Wednesday afternoon before the Senate Permanent Subcommittee on Investigations, which received a memo on the FAA […]
Boeing makes ‘final’ offer of 30% wage increase to striking workers
Third Bridge's head of global analyst Peter McNally talks to The Big Money Show about how the Boeing factory worker strike is affecting business. Aerospace giant Boeing has raised its offer to tens of thousands of striking union employees to what the company calls its “best and final contract offer.” Boeing's latest proposal to members […]
Boeing makes 'best and final' offer to machinists union in bid to end strike
Boeing raised its offer to striking factory workers on Monday, seeking to end the strike that has all but halted production for more than a week. The proposal, which the company called its “best and final” offer to the International Association of Machinists and Aerospace Workers (IAM), would raise workers' wages, reinstate annual bonuses and […]
Boeing sweetens pay for workers as strike enters second week
Boeing on Monday increased its wage proposal for thousands of striking workers, offering a 30 percent prevailing wage increase over four years in what the company called its “best and final” offer as the strike drags on. The company is also offering to reinstate performance bonuses, increase severance pay and double recognition bonuses to $6,000 […]
Elon Musk Criticizes FAA for Fining SpaceX over ‘Petty Matters’ While Boeing Strands Astronauts in Space
Elon Musk has criticized the FAA's proposed fines for SpaceX, calling for the FAA to focus on Boeing's Starliner crash instead. Musk has described the FAA's issues with SpaceX as “minor,” yet Boeing left NASA astronauts stranded in space for months with its spacecraft. Business Insider Reports In a recent X/Twitter post, SpaceX CEO Elon […]
Boeing ousts Ted Colbert, head of troubled space unit after Starliner debacle
Boeing Co. announced Friday that the head of its embattled defense, space and security division is leaving the company effective immediately. In her first major change since taking the job in August, Boeing's new CEO, Kelly Ortberg, said Ted Colbert would step down and that Steve Parker, the division's chief operating officer, would take over […]
Boeing strike costs set to soar if labor dispute drags on
Third Bridge's head of global analyst Peter McNally talks to The Big Money Show about how the Boeing factory worker strike is affecting business. Boeing's tough year was compounded last week when some 33,000 union workers went on strike, a move that is expected to cost the embattled aerospace company big if it continues. According […]