New:
@RepJayapal
@AOC
@DonaldNorcross
@RepDebDingell
others write
@Boeing
@IAM751
on contract talks: “It is clear that both sides must return to the bargaining table in good faith
2 replies (most recent on top)
FLORIDA- Airbus secures major order from undisclosed customer,
bolstering September sales figures.
The order, placed on September 5,
includes 85 aircraft: 10 A350s (5 A350-1000s and 5 A350-900s)
and 75 A320neo-family jets (55 A321neos and 20 A320neos).
On the other hand,
Boeing reported new orders in September,
though at a much smaller scale than its European rival.
The American aerospace giant received orders for 65 aircraft,
comprising 54 737 MAX and 11 777F freighters.
Boeing’s Bold Gamble:
A Corporate Titanic Sailing Toward Junk Status
The failure of talks with union representatives—alongside a financial landscape
edging closer to a credit downgrade—places Boeing at a crossroads.
Instead of compromise, Boeing’s latest steps signal a commitment to austerity, despite mounting risks to its investment-grade credit rating.
The negotiations, involving federal mediators,
ended in a bitter stalemate, leaving Boeing’s factories producing critical models
like the 737 MAX and 777 idle, leaving Boeing with ‘No Paycheck’ of their own.
In a perilous move, Boeing has withdrawn its pay proposal
for around 33,000 U.S. factory workers,
intensifying a labor strike now entering its fourth week.
The failure of talks with union representatives and federal mediators now leaves
the company in it’s most parlous condition over its 100 year history.
Largely due to its massive mismanagement of capital over the past two decades.
This labor tension coincides with Boeing’s escalating financial strain.
The aerospace behemoth faces a critical need to raise cash—estimates
suggest between $10 billion and $15 billion—to maintain its credit rating,
which teeters on the brink of junk status.