The company’s credit rating is at risk if the strike doesn’t resolve in the near future, according to S&P Global.
RENTON, Wash. — The machinists’ strike could cost Boeing more than $1 billion a month, per a new estimate from S&P Global that was released on Tuesday.
Over 30,000 Boeing employees have been on the picket lines for over three weeks now in the midst of patchy and unproductive contract negotiations with the company. Unionized machinists under the IAM District 751 are asking for a 40% pay raise and reinstatement of the company’s pension program in the first negotiations between them and the company in ten
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