Boeing reports $6 billion quarterly loss ahead of vote by union workers who have crippled production
Headline from The Columbian
EVERETT — 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 o
The Columbian's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
The company reached a tentative deal with its 33,000 employees, which includes a 35% wage increase over four years, a $7,000 signing bonus, and an increase in the company contributions to the members’ 401(k) plans.
Boeing reported a staggering loss of $6 billion dollars in the third quarter. The disappointing earnings report comes the same day as striking machinists are voting on a new contract offer.
EVERETT — 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 o
Boeing CEO Kelly Ortberg called for a fundamental culture change to stabilize the company as it reported a third quarter net loss of $6.17 billion. Boeing cash flow was a negative $1.345 billion .
Boeing reported lower revenue and a larger net loss than analysts expected for the third quarter Wednesday, hours before the plane maker will find out if its striking machinists will approve its latest contract offer.
Members of the International Association of Machinists and Aerospace Workers are voting Wednesday in the Seattle area and elsewhere on a contract that includes pay raises of 35% over four years.
Boeing announced a potential $6 billion loss and plans to lay off 17,000 workers while grappling with an ongoing strike that has halted important production.
During Wednesday’s call with investors, company leaders reported a loss in revenue, down to $17.8 billion for the third quarter, about 1% less from the same period last year.
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Boeing reports $6 billion quarterly loss ahead of vote by union workers who have crippled production | Since Then
