Page 5 - Boeing

Boeing offers its largest union 30% wage hike in bid to end strike

Boeing said the terms are final and only valid until the end of Sept. 27, as it seeks to raise pressure on the other side to accept

Strike by Boeing workers shows no signs of ending after its 1st week

A labour strike at Boeing showed no signs of ending on Friday, as the walkout by 33,000 union machinists entered its eighth day and the company started rolling furloughs of nonunion employees to conserve cash. Federal mediators joined talks between Boeing and the International Association of Machinists and Aerospace Workers this week, but union officials reported that little progress was made during the first two sessions. The union said no further talks were scheduled. A Boeing spokesperson said on Friday that the company's goal is to reach an agreement with the union as quickly as possible. She declined to comment further. The walkout started September 13, when members of a regional district of the IAM union voted 96 per cent in favour of a strike after they rejected a proposed contract that would have raised their pay by 25 per cent over four years. Workers say they want raises of 40 per cent and a restoration of traditional pension benefits that were eliminated about a decade .

China aircraft lessor orders 50 737 MAX jets in major boost to Boeing

The planemaker's deliveries to China had been gradually recovering in recent months after a lengthy hiatus

Boeing furloughs thousands as it hunkers down for prolonged strike

A protracted labor battle could cost Boeing several billion dollars, further straining finances and threatening its credit rating

Will begin furloughs soon to save cash during labour strike: Boeing CEO

Boeing's CEO said Wednesday that the company will begin furloughing a large number of employees to conserve cash during the strike by union machinists that began last week. Chief Executive Kelly Ortberg said the layoffs would be temporary and affect executives, managers and other employees. About 33,000 Boeing factory workers in the Pacific Northwest began a strike Friday after rejecting a proposal to raise pay by 25 per cent over four years. They want raises of at least 40 per cent and other improvements in the deal that they voted down. The furloughs are expected to affect tens of thousands of Boeing employees. Ortberg said employees will be furloughed for one week every four weeks, and he and other senior executives will take pay cuts during the duration of the strike.

Boeing, union negotiators to resume talks as striking workers dig in

The top negotiators at Boeing and the International Association of Machinists and Aerospace Workers (IAM) will meet with federal mediators in Seattle on Tuesday for preliminary talks, as per reports

US FAA chief to testify before Congress on Sept 24 on Boeing quality plan

Boeing faces mounting scrutiny from Congress since a Jan. 5 mid-air emergency in a new Alaska Airlines Boeing 737 MAX 9.

Strike could cost Boeing $100 million-plus in daily revenue, say analysts

A prolonged strike could cost several billion dollars, fraying the planemaker's already strained finances and threatening a downgrade of its credit rating

Boeing considers temporary layoffs to save cash during strike by machinists

The company said moves, which include reduced spending on suppliers, were necessary because our business is in a difficult period

Boeing strike could drag on as workers push for higher wages: Union leader

Boeing and negotiators are due to return to bargaining table next week, in talks overseen by US federal mediators, after more than 94 per cent of workers voted to reject the endorsed contract offer

Stuck astronauts make 1st comments after Boeing capsule leaves without them

Stuck-in-space astronauts Butch Wilmore and Indian-origin Sunita Williams said Friday they appreciated all the prayers and well wishes from strangers back home. It was their first public comments since last week's return of the Boeing Starliner capsule that took them to the International Space Station in June. They remained behind after NASA determined the problem-plagued capsule posed too much risk for them to ride back in. Wilmore and Williams are now full-fledged station crew members, chipping in on routine maintenance and experiments. They along with seven others on board welcomed a Soyuz spacecraft carrying two Russians and an American earlier this week, temporarily raising the station population to 12, a near record. The two Starliner test pilots both retired Navy captains and longtime NASA astronauts will stay at the orbiting laboratory until late February. They have to wait for a SpaceX capsule to bring them back. That spacecraft is due to launch later this month with a ..

Here's how the strike by Boeing machinists will impact airline flights

A strike by some 33,000 Boeing machinists has halted production of the American aerospace giant's best-selling airplanes. The workers began picketing at Boeing factories and plants in Washington, Oregon and California on Friday after rejecting a contract offer their union negotiated and endorsed. The work stoppage will not immediately impact commercial flights but could still bring significant losses for the company, which is headquartered in Arlington, Virginia, but has its roots in the Seattle area, where it makes most of its planes for airlines. Boeing is already dealing with a battered reputation and financial struggles that have piled up over recent years. Here's what to know about the potential impact of the strike and what might happen next. Will the strike affect airline flights? The strike won't affect travelers unless it lasts a very long time. The strike stops production of the 737 Max, Boeing's best-selling airliner, along with the 777 or triple-seven jet and the 767 c

Boeing machinists vote to strike after rejecting 25% pay raise over 4 years

Machinists at Boeing voted Thursday to go on strike, another setback for the giant aircraft maker whose reputation and finances have been battered and now faces a shutdown in production of its best-selling airline planes. The International Association of Machinists and Aerospace Workers said its members rejected a contract that would have raised pay 25% over four years, then voted 94.6% to reject the contract and voted 96% to strike. A two-thirds vote among 33,000 workers was needed to strike. Very little has gone right for Boeing this year, from a panel blowing out and leaving a gaping hole in one of its passenger jets in January to NASA leaving two astronauts in space rather sending them home on a problem-plagued Boeing spacecraft. As long as the strike lasts, it will deprive Boeing of much-needed cash that it gets from delivering new planes to airlines. That will be another challenge for new CEO Kelly Ortberg, who six weeks ago was given the job of turning around a company that h

Boeing workers vote on whether to strike, shut down aircraft production

Boeing waited to learn Thursday whether 33,000 aircraft assembly workers, most of them in the Seattle area, are going on strike and shutting down production of the company's best-selling planes. Members of the International Association of Machinists and Aerospace Workers were voting on whether to approve a contract offer that includes 25% pay raises over four years. If the factory workers reject the contract and two-thirds of them vote to strike, a work stoppage would begin Friday at 12:01 a.m. PDT. A walkout would not cause flight cancellations or directly affect airline passengers, but it would be another blow to Boeing's reputation and finances in a year marked by problems in its airplane, defense and space operations. New CEO Kelly Ortberg made a last-ditch effort to avert a strike, telling machinists Wednesday that no one wins in a walkout. For Boeing, it is no secret that our business is in a difficult period, in part due to our own mistakes in the past, he said. Working ...

Boeing faces possible strike, its union to vote for a new labour contract

A strike will take place if the majority of workers vote to reject the preliminary deal and at least two-thirds vote to strike, according to the IAM

Boeing must be 'in the green' before 737 Max cap lifted, says FAA chief

The FAA capped output of Boeing's 737 Max at a rate of 38 per month in the wake of a January near-catastrophe, in which a door cover blew off during flight

Boeing labour deal angers many union workers ahead of vote, says official

The International Association of Machinists and Aerospace Workers (IAM), which represents more than 32,000 workers in the US Pacific Northwest, announced the deal along with Boeing on Sunday

Boeing's shares rise after tentative labour deal that could avert strike

The proposed four-year contract was hailed by the union as the best it had ever negotiated and was cheered by investors, however, it is far from a done deal

Starliner creates trouble as latest setback for Boeing's space business

SpaceX has since carried out seven of those missions and will bring home the astronauts Starliner left behind, while Boeing has yet to complete one

Boeing reaches labour deal with 25% pay hike, new plane commitment

Boeing is wrestling with a quality crisis and faces scrutiny from regulators and customers, after a January incident when a door plug on a near-new MAX blew off an Alaska Air jetliner while in mid-air