Boeing reports $6 billion quarterly loss ahead of vote by union workers who have crippled production

Boeing workers vote on a new contract, but the company’s problems are far from over

The Boeing machinists union overwhelmingly rejected the company’s first contract offer more than five weeks ago.Now there’s a better offer on the table. And this time, the vote could be much closer.“Our members have been able to get Boeing to move a lot,” said Jon Holden, the president of the International Association of Machinists and Aerospace Workers District 751.But even Holden isn’t sure how his 33,000 members will vote Wednesday.“I don’t k…

Boeing reports $6 billion third-quarter loss amid ongoing worker…

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News Wrap: Boeing reports $6 billion quarterly loss amid strike

In our news wrap Wednesday, Boeing reported a $6 billion loss for the latest quarter as striking union workers vote on a new contract, American Airlines was fined $50 million for the carrier's mistreatment of disabled passengers and wheelchairs and freshman enrollment at college campuses declined this fall for the first time since the start of the pandemic.

Boeing reports $6 billion quarterly loss amid a crippling strike

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. New CEO Kelly Ortberg laid out his plan to turn Boeing around after years of heavy losses and damage to its reputation. In remarks he planned to deliver later Wednesday to investors…

Boeing Awaits Strikers’ Vote, Reports $6 Billion Quarterly Loss

The 30,000 union workers who walked off the job six weeks ago vote on a new contract proposal as the plane maker keeps reeling from a brutal year.

Boeing reports $6B quarterly loss with big union vote looming - Overpasses For America

to secure $10 billion in supplemental credit from a consortium of banks and filed a mixed shelf registration with the SEC to offer up to $25 billion in new debt securities, common stock, preferred stock, and other share offerings. The Wall Street Journal reported Boeing would pursue a $10 billion stock offering via the filing, sources said. · ASSOCIATED PRESS Story Continues Source link