Reported about 12 hours ago
Boeing's labor strike, now in its fifth week, has escalated following the cessation of negotiations with the machinists union. The company withdrew its offer of a 30% pay raise, leading to growing tensions with the union, which has accused Boeing of failing to address demands related to wages and benefits. Financially, Boeing faces significant losses, with estimates ranging widely and the company potentially exploring stock sales or loans to manage cash flow amidst ongoing operational shutdowns. As this situation unfolds, concerns about Boeing's long-term viability increase.
Source: YAHOO