• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

Three governors urge end to Boeing strike as suppliers suffer

by October 29, 2024
written by October 29, 2024

By David Shepardson

(Reuters) -The Republican governors of Utah, Missouri and Montana on Tuesday urged Boeing (NYSE:BA) and the union representing 33,000 striking machinists to end a nearly seven-week-old strike citing the impact to their states and the planemaker’s suppliers.

“The strike has far-reaching implications in our states,” wrote Governors Spencer Cox, Mike Parson and Greg Gianforte to Boeing and the International Association of Machinists and Aerospace Workers (IAM).

“Boeing has stopped buying from most suppliers, most of whom are now making the very difficult decision to furlough or lay off their own employees,” they said.

Boeing and IAM declined to comment on the letter.

Separately, Ihssane Mounir, senior vice president of global supply chain for Boeing’s commercial airplanes unit, told hundreds of suppliers in an email on Tuesday seen by Reuters that the planemaker will need to continue a pause on shipping components for the 737, 767 and 777 programs.

“We understand this may drive you to take additional and difficult actions for your production schedules as well as for your teams,” Mounir wrote.

He added: “Our team will be in touch soon and we remain dedicated to continuing to work with you – part by part – to maintain as much stability in our shared production system as we can.”

Last week’s vote by 64% of Boeing’s West Coast factory workers against the company’s latest contract offer, further idling assembly for nearly all of the planemaker’s commercial jets, has created a fresh test for suppliers.

No new talks have been scheduled since the rejection.

Boeing’s vast global network of suppliers that produce parts from sprawling modern factories or tiny garage workshops, was already stressed by the company’s quality-and-safety crisis, which began in January after a mid-air panel blow-out on a new Alaska Airlines 737 MAX 9.

Boeing announced earlier this month plans to cut 17,000 jobsglobally – or 10% of its workforce – a one-year delay to a key new jet and other cuts. On Tuesday, the company said it had raised at least $21 billion in new capital.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
Australian grocer Woolworths’ first-quarter sales rise about 5%
next post
Bank of America in talks with regulator to resolve Zelle probe, evaluates litigation

You may also like

BASF results down on impairments, restructuring

January 27, 2025

European chipmakers slump as traders gauge DeepSeek AI...

January 27, 2025

Nasdaq futures tumble as China’s AI push rattles...

January 27, 2025

China Vanke’s CEO, chairman resign amid growing liquidity...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

Italy’s MPS shares fall ahead of Mediobanca board...

January 27, 2025

British Land stock drops following stake sale

January 27, 2025

UMG shares rally after new multi-year pact with...

January 27, 2025

BASF shares indicated 3% lower as impairments drag...

January 27, 2025

Ryanair cuts 2026 traffic forecast amid ongoing Boeing...

January 27, 2025
Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!








    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • China outlines more controls on exports of rare earths and technology

      October 10, 2025
    • Paramount acquires Bari Weiss’ The Free Press, naming her the top editor of CBS News

      October 7, 2025
    • YouTube to pay $24 million to settle Trump lawsuit

      October 1, 2025
    • Charlie Javice sentenced to 7 years in prison for fraudulent $175M sale of aid startup

      October 1, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (651)
    • Stock (6,426)

    Latest News

    • China outlines more controls on exports of rare earths and technology
    • Paramount acquires Bari Weiss’ The Free Press, naming her the top editor of CBS News

    Popular News

    • Orsted seeks buyer for half of UK Hornsea 3 wind farm stake- report
    • Asia stocks rise on upbeat Chinese PMIs; Trump tariff threat limits gains

    About The Significant deals

    • About us
    • Contacts
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy