Boeing faces possible strike, its union to vote for a new labour contract

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Boeing faces possible strike, its union to vote for a new labour contract - Business Standard

Quick Summary:

According to a note from TD Cowen, a 50-day strike could cost Boeing an estimated $3 billion to $3.5 billion of cash flow.

Workers' discontent with the preliminary agreement reached on Sunday has been on display in some of Boeing's Seattle-area factories, with employees holding marches, banging pots and pans and blowing horns this week, one worker said.

The labour talks are a test for new Boeing CEO Kelly Ortberg, who met Holden after starting in August with a pledge to reset union relations, improve safety and ramp up production of Boeing's best-selling 737 MAX passenger jet.