Boeing stock sinks as union resists proposed deal from management

Boeing (BA) stock continues to languish on Wednesday as the aeronautics company deals with further setbacks from its ongoing worker strike.

Boeing stock opened about 3% lower on Wednesday. Late Tuesday, management withdrew their September 23 pay hike offer. Hurricane Milton is expected to hit Florida late Wednesday. Dow Jones advances, leading other indices despite impending storm. Boeing stock continues to languish on Wednesday as the aeronautics company deals with further setbacks from its ongoing worker strike.

That union, which comprises some 33,000 Boeing employees, is holding strong to its demand of a 40% pay raise and, more importantly, a defined-benefit pension. It seems to be the pension that Boeing management is most strongly against. Boeing Commercial Airplanes CEO Stephanie Pope called the union’s demands “non-negotiable”. Ratings agency S&P followed up the withdrawn offer with notice of a possible credit rating downgrade, saying that Boeing could be headed for junk status.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

FXStreetNews /  🏆 14. in US

Industries Equities Dowjones

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Why Wednesday Season 2 Is Taking So Long To MakeJenna Ortega as Wednesday Addams in Wednesday
Read more »

Netflix’s Popular New Sci-Fi Movie Is A Great Reminder To Watch Jenna Ortega’s Underrated Horror From 4 Years AgoJenna Ortega as Wednesday Addams giving a stern stare at someone in Wednesday season 1
Read more »

Wednesday Writers Address Jenna Ortega’s Controversial Criticism Of Season 1’s ScriptsJenna Ortega scowling as Wednesday Addams in Wednesday season 1
Read more »

Judge to hold hearing on Boeing's plea deal in 737 Max caseLawyers for Boeing and families of some people who died in two crashes of Boeing jetliners will go face to face in court next month. On Friday, a federal judge in Texas ordered a hearing over Boeing’s agreement to plead guilty to conspiracy in connection with the 737 Max jetliner. Boeing would admit misleading regulators who approved the plane.
Read more »

Return to Nevermore Academy in 'Wednesday' Season 2 Sneak PeekJenna Ortega as Wednesday Addams in Netflix&39;s Wednesday
Read more »

Why 8-Episode Seasons Are Perfect For TV Explained By Wednesday Co-Creator Alfred GoughJenna Ortega scowling as Wednesday Addams in Wednesday season 1
Read more »