Reported 9 days ago
Boeing is currently facing a significant labor strike after negotiations with its machinists' union broke down over wage increases, leading to production halts and estimated losses between $100 million to $150 million per day. Despite Boeing's attempts to present a revised pay offer, tensions are high as the union feels disrespected by the approach taken by Boeing's management. The ongoing strike poses serious financial implications for Boeing, with potential long-term impacts on its profitability, and analysts advise caution for investors considering purchasing Boeing's stock amid this turmoil.
Source: YAHOO