Reported 11 days ago
Approximately 30,000 Boeing employees are currently on strike, significantly halting production and costing the company around $1 billion each month. Analyst Ben Tsocanos from S&P Global Ratings indicated that this strike, which began on September 13, is exacerbating pressures that Boeing was already facing, with implications for the recovery timeline of 737 Max production and free cash flow generation.
Source: YAHOO