Striking machinists that have shut down most of Boeing's aircraft production will also vote on a new contract on Wednesday.Ryan Bergh, a machinist at Boeing's factory in Everett, Washington for 10 years, cheers during a strike rally for the International Association of Machinists and Aerospace Workers at the Seattle Union Hall in Seattle, Washington, on October 15, 2024.
26-year-old cold-emailed a CEO weekly to get $150,000 for his startup: ‘That's brilliant, and I hate you,' says Mark Cuban "We need to be clear-eyed about the work we face and realistic about the time it will take to achieve key milestones on the path to recovery," he told employees in an Oct. 11 message."We also need to focus our resources on performing and innovating in the areas that are core to who we are, rather than spreading ourselves across too many efforts that can often result in underperformance and underinvestment.
As it bleeds cash, Boeing last week revealed plans to raise as much as $25 billion in debt or equity or a combination of both. Ratings agencies warned in recent weeks that Boeing could lose its investment-grade rating and the company is planning to increase liquidity.The results of the union vote will come out hours after the earnings call. Meanwhile, the strike is costing Boeing $1 billion a month, according to S&P Global Ratings estimates.