Boeing factory workers voted against the company’s latest contract offer and remain on the picket lines six weeks into a strike that has stopped production of the aerospace giant’s bestselling jetliners.
Boeing reported a loss of more than $6 billion in the third quarter and immediately turned its attention to union workers who will vote Wednesday whether to accept a company contract offer or continue their crippling strike, which has dragged on for nearly six weeks.
Boeing is turning to major banks and Wall Street to raise tens of billions of dollars in cash.
A new analysis has found the Boeing strike has so far cost the company nearly $5 billion.
Boeing plans to lay off about 10% of its workers in the coming months, about 17,000 people, as it continues to lose money and tries to deal with a strike that is crippling production of the company’s best-selling airline planes.
Workers for Boeing say they felt pressured to focus on production speed over quality.
Boeing has issued a new offer to 33 thousand Machinist Union members who have been on strike for 11 days.
Workers at Boeing could be on the verge of a major strike.
Boeing’s troubled 777-X aircraft has encountered yet another problem.
Workers at Boeing say they felt pressure to work too fast and that led to mistakes.
