Reported 26 days ago
Boeing is under pressure as over 30,000 union workers voted to reject a proposed labor contract, leading to concerns among experts about the company's future. Mike Boyd of Boyd Group International emphasizes that Boeing's new CEO, Kelly Ortberg, faces significant challenges beyond the strike, including safety issues and a declining stock. The lack of investment in new products could exacerbate Boeing's troubles, while the labor union's leverage may force Boeing back to the negotiation table for a more favorable agreement.
Source: YAHOO