Reported 21 days ago
Boeing is racing to resolve a labor dispute after its largest union initiated a strike last week, threatening the company with over $100 million in daily losses. As stock prices linger near 52-week lows, Boeing is eager to negotiate with the union, which represents workers crucial to its production lines, including the 737 MAX. The situation follows a challenging year for Boeing, highlighted by regulatory issues and ongoing production challenges. Analysts suggest that while a short strike may be manageable, a prolonged stoppage could pose significant risks to the company's already fragile financial health.
Source: YAHOO