Page 2 - Workers Strike

Boeing plans to raise $15 billion through shares, bonds amid strike woes

The company said in regulatory filings that it could raise as much as $25 billion in stock and debt with its investment-grade credit rating at risk

Boeing employees hold rally in Seattle as strike enters second month

Investors and regulators have had Boeing under the microscope since a door panel flew off a near-new 737 MAX jet in midair in January

37-day strike by workers at Samsung's Sriperumbudur unit finally ends

During the conciliation talks, representatives from both the management and the striking workers agreed that all workers would immediately call off the strike and return to work

Acting US labour secretary attempts to intervene in Boeing strike

Roughly 33,000 workers have been on strike since Sept 13, seeking a 40 per cent wage increase over four years

Boeing to lay off 10% employees as workers' strike cripples production

Boeing plans to lay off about 10% of its workers in the coming months 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. New CEO Kelly Ortberg told staff in a memo Friday that the job cuts will include executives, managers and employees. The company had already imposed rolling temporary furloughs, but Ortberg said those will be suspended because of the impending layoffs. The company will delay the rollout of a new plane, the 777X, to 2026 instead of 2025. It will also stop building the cargo version of its 767 jet in 2027 after finishing current orders. Boeing has lost more than $25 billion since the start of 2019. Union machinists have been on strike since Sept. 14. Two days of talks this week failed to produce a deal.

Boeing files unfair labour practice charge with NLRB against striking union

In a filing with NLRB, Boeing also accused the union's leaders of misrepresenting the terms of Boeing's offer to its members and of not bringing negotiators to the table with authority to make a deal

Boeing workers in for 'long haul' after pay talks collapse: Union leader

Reaching an accepted deal is critical for Boeing, ratings agency S&P estimates the strike is costing it $1 billion a month and it is at risk of losing its prized investment grade credit rating

Samsung relocation buzz sends alarm bells ringing; strike enters 2nd month

Andhra Pradesh's Sri City is said to have approached Samsung for an informal round of talks to shift the plant as the strike at Tamil Nadu unit enters second month

Samsung India workers reject settlement offer, strike enters second month

Samsung this week made a proposal to provide a monthly incentive of Rs 5,000 ($60) until March, more air conditioned buses, a diversified cafeteria menu and a gift card of $24 in case of a child birth

Sriperumbudur strike: Samsung signs MoU, agrees to Rs 5K special incentive

In the unfortunate event of an employee's death, Samsung will provide immediate relief of Rs 100,000 to the family

28 days on, no end in sight to strike at Samsung's Sriperumbudur plant

Sources aware of the talks among the state government, employees, and the company blame Citu, which is leading the protests, for the impasse

Chennai police detains 900 workers, union members as Samsung strikes go on

More than 1,000 workers have disrupted production and protested close to the factory since September 9

US East Coast port strike likely as union, management trade wage offers

The White House reiterated on Monday it was not considering using the federal Taft-Hartley Act to halt a strike, which would force workers to go back on the job while negotiations continue

Centre seeks CM Stalin's intervention to resolve ongoing Samsung strike

On the 17th day of the strike, the company also urged its workers to return to work, expressing its willingness to talk directly with the employees and not with the Centre of Indian Trade Unions

Workers paid 1.8x of average industry salary in Sriperumbudur: Samsung

Striking workers demanding hike to Rs 36,000/mth over three years

Samsung lines up 'no work, no pay' policy to bring back striking workers

According to sources, a significant number of striking workers returned to work on Monday after the show cause notice was issued

Samsung workers consider legal action as protests continue at Chennai plant

Workers at Samsung's Chennai manufacturing facility have now entered their ninth day of strike as they push for better wages, working conditions, and union recognition

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

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 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