Boeing's bleak outlook

Boeing's latest offer includes a 35% pay increase, but does not accept the pension conditions the union is expecting. AIM President Jon Holden stated that the union is ready to resume negotiations with Boeing to resolve the issue. A Boeing spokesperson said on October 23 that the company had no comment on the rejection.

Boeing workers went on strike in Washington state on October 23.

The strikes began on September 13th when 95% of workers unanimously rejected Boeing's initial proposal, which included a 25% wage increase and the deployment of commercial aircraft production in the Seattle area of ​​Washington state for the entire four-year term of the contract.

The ongoing strikes are exacerbating the troubles Boeing has faced since the Alaska Airlines plane's door detached in mid-air in January. On October 23, Boeing reported a massive $6 billion loss for the third quarter of 2024. Year-to-date, the company has lost nearly $8 billion.

In addition, Boeing's chief financial officer, Brian West, said the target of producing 38 737 MAX aircraft per month would be delayed amid the ongoing strike. To address the short-term difficulties, West said the corporation would issue more shares and bonds. According to Reuters, citing informed sources, Boeing's issuance will be worth approximately $15 billion.

Despite facing a series of crises, Boeing's leadership remains optimistic. Boeing CEO Kelly Ortberg stated: "Boeing is a large ship and needs time to turn around. Once it successfully turns around, it will return to its golden age."

Source: https://thanhnien.vn/trien-vong-u-am-cua-boeing-185241024211940086.htm