Boeing Avoids Major Strike as 17,000 Engineers and Technical Workers Approve New Labor Deal
Boeing has avoided another potentially damaging labor strike after approximately 17,000 engineers and technical workers approved new four-year contracts, removing a significant threat to the aerospace giant as it works to increase aircraft production and complete certification of two long-delayed jets. Members of the Society of Professional Engineering Employees in Aerospace, or SPEEA, voted October […]
Boeing to raise up to $25 bn as strike weighs on finances
US aircraft manufacturer Boeing unveiled measures meant to replenish its cash flow Tuesday, including an intention to raise up to $25 billion, as it navigates recurrent production problems and a major US strike. In a regulatory filing, the aviation giant indicated plans to raise the funds by selling stock and debt. It also earlier announced […]
Boeing whistleblower claims 787 Dreamliner planes ‘defective’
Crisis-hit Boeing has rushed to defend itself from fresh whistleblower allegations of poor practice, as the airline continues to grapple with its latest safety crisis. A Congressional investigation heard evidence on Wednesday on the safety culture and manufacturing standards at the company – rocked in January by a mid-air scare that saw an Alaska Airlines […]
