Reported about 1 month ago
Boeing reported a staggering $6.2 billion loss in the third quarter, attributed to increased operational costs from ongoing strikes and past program changes. CEO Kelly Ortberg admitted that trust in the company has diminished, emphasizing the need for a cultural shift, financial stabilization, and improved performance in order to restore the company's reputation and future prospects. Meanwhile, IAM union members are voting on a new contract proposal that includes significant wage increases and bonuses.
Source: YAHOO