Boeing finds itself stuck between a rock and a hard place, as the labor strike between it and the International Association of Machinists (IAM) union nears a...
) finds itself stuck between a rock and a hard place as the labor strike between it and the International Association of Machinists union nears a second week., which represents 33,000 workers, but did not proceed through union leadership and instead sent a "best and final" offer directly to workers, which didn’t sit well with the IAM.
Nevertheless, Boeing’s insistence on going directly to union members speaks to the difficulty the company is in, said Anita Mendiratta, an aviation and tourism expert at consulting firm “It’s not just Boeing that’s in trouble — the entire global aviation system is in trouble because it relies on Boeing for 4 in 10 commercial aircraft as well as what it delivers in its other divisions,” Mendiratta said. “When there is a delay in the delivery of aircraft, and there are many airlines that are having delays, it means that the entire global aviation ecosystem is going to suffer, as is the global traveling public.
Shareholders hope Boeing and new CEO Kelly Ortberg can make a deal and reverse the cash drain by the time the plane maker is expected to report third quarter earnings at the end of October.Fall means it’s time for just about everybody to get up to date on their flu and COVID-19 vaccines – and a lot of older adults also need protection against another risky winter virus, RSV. Yes, you can get your flu and COVID-19 shots at the same time.
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