DALLAS (AP) — Boeing and its largest union are entering the last week of contract negotiations before a threatened strike by more than 30,000 workers who
DALLAS — Boeing and its largest union are entering the last week of contract negotiations before a threatened strike by more than 30,000 workers who build the planes that carry millions of airline passengers every year.
A straw vote in July to gauge support for a strike passed with 99.99% support, according to the union. “He understands that they are basically contentious relationships with the union, and he wants to make those relationships better,” TD Cowen aerospace analyst Cai von Rumohr said. “During a strike, they don’t work on planes, they don’t deliver planes,” von Rumohr said. Aircraft makers typically get about 60% of the purchase price on delivery, “so not delivering planes has a massive impact on your cash in-flow, and your costs probably continue on.”, the longest at Boeing since a 10-week walkout in 1995, cost the company about $100 million a day in deferred revenue.
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Talks between Boeing and its biggest union are coming down to the wireBoeing and its largest union are entering the last week of contract negotiations before a threatened strike by more than 30,000 workers.
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Talks between Boeing and its biggest union are coming down to the wireBoeing and its largest union are entering the last week of contract negotiations before a threatened strike by more than 30,000 workers.
Read more »