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.
波音公司持續的罷工紐約證券交易所代碼：BA）機械師對這家航空巨頭造成了沉重打擊，隨着勞資糾紛進入第二個月，估計成本將達到近50億美元。
發生了什麼：週日是國際機械師協會的33,000名成員於9月13日離職30天，這使這家陷入困境的飛機制造商的生產幾乎停滯不前。據美國有線電視新聞網報道，根據安德森經濟集團的估計，罷工的估計成本接近50億美元。
長期停工給波音的財務狀況造成了損失。Benzinga Pro的數據顯示，自罷工開始以來，該公司的股價已經下跌了4.22％，週一收於148.99美元，而一個月前爲155.55美元。
根據Benzinga Pro的數據，波音的市值也受到影響，下降了40億美元，至918.0億美元。
數十億美元的影響凸顯了波音所面臨的挑戰，波音曾經是美國製造業實力的象徵。近年來，該公司努力應對了一系列挫折，包括：
- 涉及其 737 MAX 飛機的致命墜機事故。
- 加強監管審查。
- 生產延遲和質量控制問題。
爲何重要：該公司最近宣佈裁員10％，影響約17,000名員工，這是減輕與生產延誤和持續罷工相關的財務損失的努力的一部分。波音首席執行官凱利·奧特伯格承認這些決策很困難，但強調了未來複蘇的必要性。
此外，吉姆·克萊默對波音的財務狀況表示擔憂，強調了該公司的資產負債表問題和錯失的籌集資金的機會。
罷工還導致與國際機械師和航空航天工人協會的談判暫停，因爲波音在長達一個月的罷工後撤回了最新的報價。儘管進行了調解，但工會對提高工資和福利的要求仍未得到滿足。
隨着波音公司渡過這個動盪時期，信貸降級的可能性迫在眉睫，這進一步加劇了該公司的財務挑戰。
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免責聲明：此內容部分是在人工智能工具的幫助下製作的，並由Benzinga的編輯審閱和發佈。
