Sunday marks one month since members of the International Association of Machinists began their strike against Boeing. The cost: nearly $5 billion, according to a new analysis by Anderson Economic Group, shared exclusively with CNN. That multi-billion-dollar tab highlights the difficulties facing the aircraft maker, once a byword for American quality.
Boeing announced on Friday it will be laying off 10% of its workforce — about 17,000 employees — over the next several months. “Our business is in a difficult position, and it is hard to overstate the challenges we face together,” Kelly Ortberg, CEO of Boeing, said Friday in an email to employees.
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