Boeing is pausing hiring and taking sweeping steps to conserve cash after about 33,000 workers went on strike including considering temporary furloughs for many employees.
Read More Boeing imposes hiring freeze, takes steps to conserve cash after strike starts
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
Two Delta Airlines planes have collided on the tarmac at Hartsfield-Jackson Atlanta International Airport in Georgia.
Read More Georgia: 2 Delta Airlines Planes Collide On Tarmac At Airport
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
Wall Street’s main indexes fell over 1% as investors assessed latest factory activity data.
Read More Wall St kicks off September on downbeat note at start of data-packed week