Boeing Reaches Tentative Union Deal—Would End Five-Week Strike
ForbesOCT 2024
Boeing's latest offer continues to fall short of bringing employees' pay to 2024 levels and has not at all addressed staff's demands to restore the old pension scheme. Workers will continue to hold the line and picket until these basic demands are met.
After the blowout of a door panel earlier in the year, as well as posting losses of $6B on Wednesday, the result of this vote is more bad news for Boeing. Estimates suggest the company is losing $100M each day the strikes continue, and it's imperative they're resolved as soon as possible or the future of the company could be at risk.
There's a 1% chance that Boeing will release a new midsize aircraft, likely called the 797, into commercial service before 2030, according to the Metaculus prediction community.