Reported about 1 month ago
Boeing's CEO Kelly Ortberg faced a setback when 64% of factory workers rejected a new labor contract that proposed a 35% wage increase over four years. This response, although an improvement from a previous rejection rate of 94%, complicates Boeing's efforts to recover from an ongoing strike affecting production and finances. The strike, which has lasted nearly 40 days, is costing the company around $100 million a day in lost revenue and has led to significant operational disruptions, prompting uncertainty about future contracts and stock performance.
Source: YAHOO