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john70t john70t is online now
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Join Date: Aug 2001
Location: midwest
Posts: 40,279
(no parf) The aircraft maker's stock and very existence is tenuous.
I'm not aware of any other domestic mfr larger than GA.

https://www.zerohedge.com/markets/boeing-fight-union-hits-turbulence-files-unfair-labor-practice
Quartz News reported overnight that Boeing filed unfair labor practice charges with the National Labor Relations Board (NLRB) against the International Association of Machinists and Aerospace Workers, claiming union bosses have been bargaining in bad faith on behalf of the 33,000 striking union members.

Boeing wrote in a statement that IAM negotiators "did not seriously consider" the latest offer earlier this week, which included a 30% wage bump over four years, up from 25%, and other benefits.


https://qz.com/boeing-nlrb-complaint-unfair-labor-practices-iam-strike-1851670409#:~:text=In%20addition%20to%20the%20more ,have%20repercussions%20for%20Boeing%20suppliers.
S&P Global Mobility (SPGI) on Tuesday estimated that Boeing will incur a cash outflow of roughly $10 billion in 2024, partially due to the strike and measures taken to overhaul its manufacturing process, and issued a negative outlook for the company’s credit ratings. Boeing is expected to burn about $50 million a day in cash because of the strike.
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Meanwhile other things are still happening.
Old 10-12-2024, 06:53 AM
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