Boeing's share price hovers near 52-week lows as the plane maker tries to strike a deal with its machinist union.
) stock hovered near 52-week lows on Tuesday after the planemaker's largest union went on strike last week and analysts estimated that the companyThe timing and length of the strike could put the company's recovery at stake as its new CEO, Kelly Ortberg, tries to get past recent production missteps.
IAM did not immediately respond to Yahoo Finance's request for comment on the meeting and ongoing negotiations. “They have a lot of pressure to get their assembly line in good order," Morningstar equity analyst Nicolas Owens told Yahoo Finance. "And the strike interferes with that and delays any progress they were making on basically decertifying their assembly process for planes like the 737."
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Boeing stock dips on Wells Fargo downgrade, price cutShares of Boeing (BA) are falling Tuesday following a bearish outlook from Wells Fargo (WFC) analyst Matthew Akers. Akers downgraded the aerospace giant to...
Read more »
Boeing's cash flow goal to be delayed, says Wells Fargo as it downgrades stockShares of the Dow component fell more than 7% on Tuesday after lead analyst Matthew Akers pushed Boeing to 'underweight' and trimmed the target price to $119...
Read more »
Acting U.S. Labor Secretary encourages Boeing, workers to reach ‘fair contract’Boeing’s Seattle-area workers are voting next week on their first new contract in 16 years, with the two sides still tackling demands such as job security
Read more »
Boeing reaches labor deal with 25% pay hike, new plane commitmentAlthough the union had asked for a 40% raise in their first full negotiation with Boeing in 16 years, it made other dramatic gains, like obtaining significant input in the safety and quality of the production system
Read more »
Boeing's shares rise after tentative labor deal that could avert major strikeIf approved, the proposed four-year contract, which includes a general wage increase of 25% and a commitment to build the next commercial plane in the...
Read more »
Boeing labor deal angers many union workers ahead of vote, official saysA tentative labor contract agreed between Boeing and one of its biggest unions has angered many workers who were hoping for higher wage hikes and better...
Read more »