Boeing to axe 17,000 jobs amid strike and quality issues
A month-long union strike at Boeing has grown contentious, as approximately 33,000 workers sought a better pay package.
Talks appeared to fall apart this week, and the union’s lead negotiator, John Holden, told Reuters, “We’re in this for the long haul and our members understand that.”
The global credit ratings agency S&P has put Boeing on CreditWatch, a sign that they could downgrade the aeroplane manufacturer’s rating if the strike drags out.
The company was already under congressional scrutiny after a January incident, during which a defect caused a panel to blow out on a Boeing 737-MAX jet shortly after takeoff.
No-one was injured, and Boeing’s then-chief executive Dave Calhoun said the company was “acknowledging our mistake”.
Related
UK Post Office to close 115 branches, putting hundreds of…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The Post Office will close more tha
Record 7 million immigrants are now working in Britain &…
A RECORD seven million immigrants are working in Britain — holding down one in five jobs, figures show.The number has rocketed by two million in just the past
‘More than 100’ Post Office branches and ‘hundreds of jobs…
Over 100 Post Office branches and hundreds of head office jobs are at risk as the company plans a radical shake up of its loss-making business, according to the
Post Office jobs and branches at risk in shake-up
The Post Office's new chairman Nigel Railton will brief staff on Wednesday on the outcome of a review launched earlier this year.The former boss of Camelot was
