Boeing, union hold 'productive' talks in attempt to end stalemate

Quick Summary:

Once it starts up assembly lines for its cash cow 737 Max, its 767 and 777 aircraft after the dispute ends, the planemaker will need to carefully monitor its supply chain’s ability to keep pace.

Instead of generating cash in the fourth quarter, the company now expects to burn through around $4 billion, which would bring total outflows for the year to $14 billion.

The IAM’s strike is the first major labour strife at Boeing in 16 years.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Boeing-Labour union workers Boeing Labour union Biden govt Negotiations Joe biden

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-30 @ 12:06:06 (1 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 476 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 26 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23335546

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