Reported 30 days ago
Boeing has announced a $19 billion stock offering as it grapples with a significant machinists' strike that has halted production and is jeopardizing its financial stability. With approximately 30,000 workers on strike, resulting in a considerable impact on operations, Boeing acknowledged the strike's potential long-term ramifications on its ability to meet strategic objectives and maintain relationships with customers and suppliers. Despite several failed contract negotiations with the International Association of Machinists and Aerospace Workers, Boeing's future remains clouded as labor tensions persist.
Source: YAHOO