More than 30,000 striking workers at airplane maker Boeing could soon get back to work. Boeing and the International Association of Machinists (IAM), which represents the striking workers, announced on Friday that the two sides agreed to a tentative agreement on a new collective...
Airplane maker Boeing released its third-quarter earnings on Wednesday, revealing $6 billion in losses and a year-over-year drop in revenue.
Boeing reported revenue of $17.85 billion, representing a 1% year-over-year decline and missing the analysts’ estimates of $17.93 billion. The company’s adjusted loss per share...
Boeing failed to make any progress during Friday’s talks with the International Association of Machinists and Aerospace Workers (IAMAW), the union that represents the airplane maker’s 33,000 striking workers.
According to IAMAW’s statement, the talks “broke off,” and there is no date scheduled for their...
Boeing’s new CEO, Kelly Ortberg, made his first major executive move since taking over the position in August. The troubled airplane maker announced that Ted Colbert, its chief of defense, space, and security unit, will leave his position with an immediate effect.
Colbert has been...
U.S. airplane maker Boeing is facing another huge crisis. Around 33,000 of the company’s workers, represented by the International Association of Machinists and Aerospace Workers (IAMAW), overwhelmingly rejected a new labor deal and went on strike.
The workers were presented with two votes on Thursday;...
The shares of airplane maker Boeing slightly recovered on Wednesday following a sharp decline the day before, which was caused by the downgrade of the company’s stock from investment bank Wells Fargo.
In a note shared with clients on Tuesday, Wells Fargo’s analyst Matthew Akers...
