Boeing’s factory workers accepted a new contract offer on Monday, ending a bitter seven-week strike that halted most jet production and deepened a financial crisis at the troubled planemaker.
In a surprising move, The New York Times Tech Guild that represents hundreds of the giant newspaper’s tech staffers went on strike on Monday, just one day before Election Day.
Boeing recently announced a third-quarter loss of $6 billion following some 33,000 employees going on strike, as well as quality control issues which have crippled the struggling aviation corporation.
Boeing faces a crucial test with employees, customers and investors after announcing 10% job cuts and $5 billion in charges as a crippling machinists strike enters a fifth week.
Talks between Boeing and its key manufacturing union broke down, and no negotiations are currently planned as the financially damaging strike heads into a fourth week.
Dockworkers stretching all the way from the East and Gulf coasts went on strike after midnight on Tuesday, which could greatly cause an increase to inflation and cause production shortages for the start of the holiday season.
The Federal Reserve cuts interest rates for the first time in 4 years; and the Teamsters Union declines to endorse a presidential candidate for the first time since 1996. One America’s Zach Petersen has The Scoop.
Boeing employees walked off the job site at Boeing Factories near Seattle on Friday morning after union members voted to go on strike and reject a tentative contract that would have increased wages by 25% over a four-year span.