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 […]
Boeing to furlough ‘large number’ of US executives as strike continues
Boeing Co said Wednesday it would temporarily furlough tens of thousands of employees after about 30,000 machinists went on strike on Friday, halting production of the 737 Max and other planes. “We will begin a temporary administrative leave over the next few days, which will impact a large number of U.S.-based executives, managers and employees,” […]
Boeing begins layoffs amid labor union strike, controversy over CEO’s home purchase: ‘Very difficult time’
Boeing CEO Kelly Ortberg traveled to Seattle while 33,000 Boeing employees stood on the picket line. (Photos by Derrick Louis, Clarity Northwest Photography, and Laura Halliday, Realogix Sotheby's International Realty and KCPQ) Boeing is launching a series of layoffs in response to a strike by the company's largest labor union, it said in a statement […]
Watchdog group sues for NASA emails with ‘Space Czar’ Harris, Boeing as astronauts linger in orbit
Harris performs “word salad” again: Faulkner Steamboat Institute research fellow Kayleigh McGehee White and former New York State Senator David Carlucci discuss Kamala Harris' ABC interview and the Vice President's shifting stance on various issues. A conservative watchdog group has filed a lawsuit against the National Aeronautics and Space Administration (NASA) seeking documents regarding the […]
Astronauts Stranded by Boeing Discuss Challenging Extended Stay in Space
In their first press conference since being confined to the International Space Station (ISS), NASA astronauts Barry “Batch” Wilmore and Suni Williams gave an inside look at life on their unexpected long-term spaceflight. of Daily Mail Reports Veteran astronauts Barry “Batch” Wilmore and Suni Williams were scheduled to launch to the International Space Station aboard […]
Boeing, strike, stock, cash | Fox Business
Third Bridge's head of global analysts, Peter McNally, talks to “The Big Money Show” about how the Boeing factory worker strike is affecting business. Aircraft maker Boeing is dealing with ongoing strikes and a growing threat to profits, sending its shares lower on Monday. In a letter to employees, Chief Financial Officer Blaine West outlined […]