A Texas federal judge with a record of ruling in favor of conservative causes injected uncertainty into Boeing's agreement to plead guilty over two fatal 737 MAX plane crashes, seizing upon a single sentence in the deal about the U.S. Department of Justice's diversity policy.
Boeing (BA) shares are falling in premarket trading after its machinists union rejected a new contract offer, continuing a crippling strike at the plane maker that started six weeks ago.
Boeing Co (NYSE:BA, ETR:BCO) shares fell further on Thursday after confirmation of hefty losses over the third quarter was followed by news striking workers had rejected its latest pay offer. Some 300,000 Boeing workers in the Seattle region will remain on strike as a result, having initially walked out on September 13.
Boeing staff have rejected the latest 35% pay rise, committing to further strikes as the company faces massive losses and delivery delays.
Boeing shares fell 2.7% in U.S. premarket trading on Thursday after about 33,000 striking workers voted to reject a new labor offer, deepening the crisis at the U.S. planemaker a day after it reported a $6 billion loss.
Boeing has recorded another $250 million loss on its Starliner program. New CEO Kelly Ortberg said Boeing will not walk away from its loss-making contracts.
Boeing's striking factory workers voted to reject the company's latest contract on Wednesday night and extend their work stoppage—which began six weeks ago—in a major blow to the plane maker, which reported a $6 billion quarterly loss on Wednesday.
Boeing's striking workers have voted to reject a revised offer from the aerospace giant, prolonging the walkout that began on September 13. The proposal, which included a 35% pay rise over four years, was turned down by 64% of members from the International Association of Machinists Aerospace Workers (IAM) union.
Boeing Co. workers have rejected a tentative agreement that would have increased their wages by 35% over four years. Danny Lee reports on Bloomberg Television.
More than 30,000 workers at the troubled aviation company represented by the union began striking in mid-September
The machinists' union members voted against a new labor deal and will the extend six-week strike.
Boeing workers just rejected a proposal with a 35% wage increase over four years. The strike has halted most of Boeing's manufacturing for over five weeks.