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Why Are Boeing Workers Striking Despite A 35% Wage Increase Offer?

24 Oct 2024

Boeing factory workers have opted to continue their strike, decisively voting against a contract offer that included a substantial 35% wage increase over four years. This decision has raised eyebrows, especially considering the ongoing financial challenges faced by the aerospace giant. The rejection of the proposed agreement comes as a...

Boeing-Made Satellite Disintegrates In Orbit: Intelsat Confirms Total Loss

23 Oct 2024

A communications satellite built by Boeing has reportedly disintegrated in space. Intelsat confirmed that its Intelsat 33e satellite experienced a malfunction on October 19, leading to a “total loss” of the spacecraft. Intelsat Responds to Anomaly In an official statement, Intelsat noted, “We are coordinating with the satellite manufacturer, Boeing,...

Boeing’s Crisis Hits New Heights: Now Borrowing Billions To Survive

15 Oct 2024

Facing mounting financial losses and operational setbacks, Boeing is turning to major banks and investors to raise billions of dollars to sustain its operations. The aerospace giant, grappling with a crippling strike and a series of high-profile crises, has outlined plans to borrow $10 billion from a group of banks...

Why Is Boeing Planning To Cut 17,000 Jobs?

12 Oct 2024

Boeing plans to reduce its workforce by 10%, equating to approximately 17,000 employees, as the company faces increasing losses and a machinist strike that has halted operations at its aircraft factories for five weeks. Additionally, the launch of its new wide-body aircraft will be postponed. The manufacturer will not deliver...

SpaceX Rescues Stranded Astronauts on the ISS

30 Sep 2024

In a crucial mission, SpaceX’s Dragon capsule successfully docked at the International Space Station (ISS) to retrieve two astronauts stranded due to a malfunction in Boeing's Starliner capsule. The Dragon capsule, which carried two empty seats for astronauts Butch Wilmore and Suni Williams, docked at 17:30 Eastern Time (22:30 BST)...

Boeing Faces Heightened Scrutiny Amid Strike And Safety Incidents

25 Sep 2024

Boeing is currently under intense scrutiny following a series of safety incidents and a significant strike by factory workers. Critics have long accused the aircraft manufacturer of prioritizing profits over safety, particularly in light of two deadly jetliner crashes and a recent incident involving a blown section of an aircraft....

Boeing Raises Wage Offer By 30% To Resolve Ongoing Strike

24 Sep 2024

Boeing has proposed a significant increase in hourly wages for striking workers, raising its offer by 30 percent in an attempt to resolve a 10-day strike that has halted production at Seattle-area plants. New Deadline for Ratification The aviation giant has set a deadline for workers to ratify its "best...

Why Are More Than 30,000 Boeing Factory Workers Going On Strike?

13 Sep 2024

Over 30,000 factory workers at the US plane manufacturer Boeing have stopped working, causing production of the 737 Max to come to a halt. The International Association of Machinists and Aerospace Workers (IAM) saw 96% of its members vote in favor of striking, with almost 95% rejecting the proposal. Jon...

Boeing Machinists Reject 25% Pay Increase Offer, Vote to Strike Amid Contract Dispute

13 Sep 2024

Boeing machinists, represented by the International Association of Machinists and Aerospace Workers (IAM), voted on Thursday to go on strike, impacting the company just as it struggles with ongoing financial and reputational challenges. The strike decision comes six months after the initial arrest of Boeing’s operations and represents another hurdle...

Boeing Secures Major Deal with Union: 25% Pay Increase and Job Security

09 Sep 2024

Boeing has successfully negotiated a significant labor agreement with the International Association of Machinists and Aerospace Workers (IAM) to avert a potential strike that could have severely disrupted its operations. The aviation giant, facing substantial financial challenges, has agreed to a 25% wage increase for its employees, a substantial move...