The ongoing strike by Boeing Co. (NYSE:BA) machinists has dealt a severe blow to the aerospace giant, with estimated costs reaching nearly $5 billion as the labor dispute enters its second month.
What Happened: Sunday marked 30 days since 33,000 members of the International Association of Machinists walked off the job on Sept. 13, bringing production at the troubled aircraft manufacturer to a near standstill. According to an estimate by Anderson Economic Group, as reported by CNN, the estimated cost of the strike is nearly $5 billion.
The prolonged work stoppage has taken a toll on Boeing's financial health. The company's stock price has fallen 4.22% since the strike began, closing at $148.99 on Monday compared to $155.55 a month earlier, according to data from Benzinga Pro.
Boeing's market capitalization has also suffered, dropping by $4 billion to $91.80 billion, according to Benzinga Pro data.
The multi-billion-dollar impact underscores the challenges facing Boeing, once a symbol of American manufacturing prowess. In recent years, the company has grappled with a series of setbacks, including:
- Fatal crashes involving its 737 MAX aircraft.
- Increased regulatory scrutiny.
- Production delays and quality control issues.
Why It Matters: The company recently announced a 10% workforce reduction, affecting approximately 17,000 employees, as part of efforts to mitigate financial losses linked to production delays and the ongoing strike. Boeing's CEO, Kelly Ortberg, acknowledged the difficulty of these decisions but emphasized their necessity for future recovery.
Additionally, Jim Cramer expressed concerns about Boeing's financial health, highlighting the company's balance sheet issues and missed opportunities to raise capital.
The strike has also led to halted negotiations with the International Association of Machinists and Aerospace Workers, as Boeing withdrew its latest offer after a month-long strike. The union's demands for better wages and benefits remain unmet, despite mediation efforts.
As Boeing navigates these turbulent times, the potential for a credit downgrade looms, further exacerbating the company's financial challenges.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
波音公司（纽交所：BA）机修工持续罢工已给这家航空巨头造成了严重打击，据估计成本已接近50亿美元，随着劳资纠纷进入第二个月。
周日标志着国际机械师协会的33,000名成员自9月13日起罢工30天，使陷入困境的飞机制造商的生产几乎陷入停滞。根据CNN报道，安德森经济集团的估计，罢工造成的估计成本接近50亿美元。
长期的停工已对波音的财务健康造成影响。根据Benzinga Pro的数据，自罢工开始以来，公司股价下跌了4.22％，周一收盘价为148.99美元，而一个月前为155.55美元。
波音的市值也遭受打击，根据Benzinga Pro的数据，下降了40亿美元至918亿美元。
数十亿美元的影响凸显了波音面临的挑战，曾是美国制造业实力的象征。近年来，该公司一直在应对一系列挫折，包括：
- 包括其737 MAX飞机发生致命坠机事故。
- 增加了监管审查。
- 生产延误和质量控制问题。
为什么重要: 公司最近宣布裁员10%，影响约17,000名雇员，以减轻与生产延误和持续罢工相关的财务损失。波音公司的CEO Kelly Ortberg承认做出这些决定的困难，但强调这些决定对未来复苏的必要性。
此外，吉姆·克雷默对波音的财务状况表示担忧，强调了公司资产负债表问题和错失提高资本的机会。
罢工还导致与国际机械师和航空航天工人协会的谈判陷入停滞，波音在持续一个月的罢工之后撤回了最新报价。联盟要求更好的工资和福利，尽管进行了调解，但仍未得到满足。
随着波音在这些动荡时期航行，信用降级的风险进一步加剧了公司的财务挑战。
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