Boeing factory workers strike is over, but that’s just one of the company’s problems

  • 📰 PennLive
  • ⏱ Reading Time:
  • 45 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 53%

Boeing News

@Hp-Top-Stories,@Topstories

As the machinists get back to work, management will have to address a host of other problems.

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 463. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks making the biggest moves premarket: Boeing, Alphabet, Blackstone, GitLab and moreThese are some of the stocks posting the largest moves in premarket trading.
Source: CNBC - 🏆 12. / 72 Read more »

Stocks making the biggest moves midday: Norwegian Cruise Line, Reddit, Chewy, Boeing and moreThese are the stocks posting the largest moves in midday trading.
Source: CNBC - 🏆 12. / 72 Read more »