Boeing CFO: Strike will 'jeopardize' recovery, hit aircraft production
WEBSep 13, 2024 · Boeing CFO Brian West said a labor strike that began Friday will hurt aircraft deliveries and “jeopardize” the company’s recovery, hours after factory workers walked off the job and ...
Boeing CFO says strike’s financial impact depends on its duration ...
WEB4 days ago · Despite their leadership’s encouragement, 96% of workers chose to strike, hoping to push the offer of a 25% wage increase over four years closer to the 40% mark, according to reports. Boeing gets an estimated $10 million in free cash flow from every 737 MAX it delivers. In August, Boeing delivered 32 of these models, and in March it said its ...
Live news: Boeing considers furloughs amid machinist strike
WEB4 days ago · Chief financial officer Brian West on Monday said the strike “jeopardises our recovery . . . and we must take necessary actions to preserve cash”. Those actions include stopping the majority ...
Boeing starts furloughing tens of thousands of employees ... - NBC News
WEB2 days ago · The financial impact of the strike will depend how long it lasts, West said, but it adds to pressure on Boeing’s leaders, who are trying to move the company past safety and quality crises ...
Boeing imposes hiring freeze, takes steps to conserve cash after strike …
WEB4 days ago · Boeing Chief Financial Officer Brian West said the "strike jeopardizes our recovery in a significant way and we must take necessary actions to preserve cash and safeguard our shared future."
Boeing strike: 33,000 factory workers walk off the job over wages | AP News
WEBSep 13, 2024 · Boeing Chief Financial Officer Brian West, ... West said Boeing — which has about $60 billion in total debt — is now looking at ways to conserve cash. He declined to estimate the financial impact of the strike, saying it would depend on how long the walkout lasts. ... The last Boeing strike, in 2008, lasted eight weeks and cost the …
Boeing considers temporary layoffs to cut costs during Machinists strike
WEB4 days ago · West has said on past earnings calls that Boeing needs between $10 and $12 billion to keep the company running — though with the cost cuts, it might need less during the strike. In a separate ...
Boeing CFO says priority is ‘to get back to the table and to …
WEB6 days ago · Sep. 13, 2024 at 10:52 am. In notably conciliatory public remarks Friday morning, Boeing Chief Financial Officer Brian West said the company’s senior leadership wants “to get back to the table ...
Boeing CFO West Says Strike Will Delay 38 737s/Month Target (2)
WEB6 days ago · Boeing Co.’s CFO Brian West said that planemaker’s goal of building 38 737 Max jets a month by year end will take longer due to the workers’ strike.
Boeing Resuming Negotiations With 'Frustrated' Union Partner Amid Strike
WEB2 days ago · With a 96% strike vote, we thought Boeing would finally understand that IAM 751 Machinists are demanding more." ... Brian West said the company will halt most purchase orders for the 737, 767, and ...
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