it would cut its workforce by 10%, or roughly 17,000 jobs, and delay the first delivery of its 777X jet to 2026 amid an ongoing worker strike.
An ongoing strike by Boeing's biggest union, the International Association of Machinists and Aerospace Workers , is proving costly on several fronts for the company. “Based on our conversations with investors, it should be no surprise that Boeing is looking at an equity raise. We think most investors have been expecting the company to raise more than $10b, most likely following the conclusion of the machinists strike," JPMorgan analyst Seth Seifman and his team wrote in a recent note.The analysts note the size of the raise could be determined by how long the strike lasts, and investors would be more reluctant to sign on with one still underway.
"The union’s public narrative is misleading and making it difficult to find a solution for our employees. We remain committed to reaching a compromise to end the strike," said a Boeing statement."That’s just a move from to create some pressure. But just like most strikes ... it’s going to end by them going back to the table and figuring it out," New York City-baed employment attorney Nicole Brenecki told Yahoo Finance.walked off the job on Sept.
Northern and Indigenous partners meet at the fifth annual Arctic and Northern Policy Framework Leadership Committee meeting to discuss priorities for the region