Reported 22 days ago
Boeing is facing a challenging situation as 33,000 factory workers go on strike and the company considers drastic cost-cutting measures, including hiring freezes and potential furloughs. Morningstar analyst Nicolas Owens notes that this disruption could ironically assist Boeing in tackling its profitability problems, as the company is currently losing money on aircraft production. However, the strike may cost Boeing up to $100 million per day in lost productivity.
Source: YAHOO