Workers on strike formed a picket line and rallied as they listened to speakers outside of the Boeing facility on NE Sandy Blvd. in Portland the morning of Thurs., Sept. 19, 2024.But the strike was just one of many challenges the troubled U.S. aerospace giant faces as it works to return to profitability and regain public confidence.
Ortberg has said it might take “a couple of weeks” to resume production in part because some workers might need retraining. Above all, Boeing needs to produce more planes. When workers are back and production resumes, the company will be producing about 30 737s a month, and “they must get that number over 50. They have to do it. And the people who are going to do that are the workers on the factory floor,” Mukunda said.
One way Boeing could generate cash would be to sell companies that don’t fit directly in the business, such as flight information provider Jeppesen Sanderson, which it bought in 2000 for $1.5 billion, von Rumohr said. “We were threatened by a company that was crippled, dying, bleeding on the ground, and us as one of the biggest unions in the country couldn’t even extract two-thirds of our demands from them. This is humiliating,” she said.
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Source: CNBC - 🏆 12. / 72 Read more »
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