Boeing workers to go on strike as union rejects labor deal
) workers will go on strike from Friday after the company’s West Coast factory workers voted to strike over demands for higher pay, presenting more challenges for the planemaker.
The strike represents another major headwind for the planemaker, which is struggling to restore its reputation in the wake of more quality issues with its crafts. Scrutiny of Boeing was rekindled this year after a door panel blew off a 737 MAX jet in January, while a failure in the company’s Starliner spacecraft stranded two astronauts aboard the International Space Station.
Boeing’s last strike, in 2008, had cost the company roughly $1.3 billion in staggered production and higher wages.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.
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