On Wednesday, Boeing’s CEO announced that the company will begin furloughing “a large number” of employees to limit spending during the strike by union machinists that began just a week ago.
Read More Boeing To Begin Furloughs As Strike Continues Causing Delay In Production
Boeing employees walked off the job site at Boeing Factories near Seattle on Friday morning after union members voted to go on strike and reject a tentative contract that would have increased wages by 25% over a four-year span.
Read More Boeing Employees Strike After Rejecting 25% Pay Increase, Impacting Production
Boeing’s U.S. West Coast factory workers started voting on Thursday on a much-criticized new contract and a possible strike.
Read More Boeing strike threat looms as workers vote on contract
Boeing’s shares rose 3.7% after the planemaker and its biggest union reached a tentative deal covering more than 32,000 workers.
Read More Boeing’s shares rise after tentative labor deal that could avert major strike
Boeing has agreed to plead guilty to criminal fraud tied to the fatal 737 Max crashes that killed 346 people after the government determined the company violated an agreement that had protected it from prosecution for more than three years.
Read More Boeing Agrees To Plead Guilty To Criminal Fraud Charges Related To 737 Max Crashes
Boeing’s long-awaited announcement that it will buy back its struggling supplier, Spirit AeroSystems, now shifts the focus of investors to the search for a new CEO.
Read More Boeing-Spirit: Spirit Aero chief in spotlight as Boeing searches for new CEO