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Eugene

(62,646 posts)
Mon Oct 14, 2024, 02:35 PM Oct 14

Acting US Labor Secretary intervenes in Boeing standoff with union

Source: Reuters

Acting US Labor Secretary intervenes in Boeing standoff with union

Allison Lampert, David Shepardson, Tim Hepher
Updated Mon, October 14, 2024 at 2:50 PM EDT 4 min read

(Reuters) -U.S. Acting Labor Secretary Julie Su flew to Seattle on Monday to try to ease a Boeing machinists strike, as thousands of employees face layoffs and a major airline reacted with alarm to the planemaker's deepening turmoil.

Su's first in-person intervention, reported by Reuters and confirmed by the Labor Department, comes days after Boeing - dealing with a crippling strike now in its fifth week - unveiled plans to cut 17,000 jobs and take $5 billion in charges, continuing a year of tumult for the company.

"Acting Secretary Su is meeting with both parties today to assess the situation and encourage both parties to move forward in the bargaining process," a spokesperson said.

While Su has previously spoken with Boeing and the union, it is her first time in Seattle meeting both sides in person, the spokesperson said.

-snip-

Read more: https://finance.yahoo.com/news/boeing-fine-tunes-job-cuts-123024058.html

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Acting US Labor Secretary intervenes in Boeing standoff with union (Original Post) Eugene Oct 14 OP
Did you see... littlemissmartypants Oct 14 #1

littlemissmartypants

(25,483 posts)
1. Did you see...
Mon Oct 14, 2024, 03:31 PM
Oct 14

The subsequent article there?

"Boeing shares are not a buy yet."

Good grief! Talk about vulture capitalists...

SMDH!

Thanks for the post, Eugene.

❤️

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