Boeing machinists on picket lines prepare for lengthy strike

Boeing is grappling with rising costs from a machinist strike in the Pacific Northwest, now in its second week, as workers demand higher pay.

Striking machinists are considering side jobs to manage expenses amid high living costs in the Seattle area, where median home prices have surged 142% over the past decade.

The strike’s duration could impact Boeing’s financial stability, with potential downgrades from ratings agencies adding to its $60 billion debt.

The company has not posted a profit since 2018 and is under pressure from new CEO Kelly Ortberg to restore its reputation after production crises, CNBC has reported.

read more: https://www.cnbc.com/2024/09/21/boeing-strike-machinists-prepare-for-lengthy-stoppage.html

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