On Oct. 19, Boeing and leaders of its largest union reached a tentative agreement that that would grant machinists a 35% raise over a period of four years, according to the Wall Street Journal. Though this would mark the end of a more than month-long strike, Boeing remains in a tough financial position, with industry insiders wondering if bankruptcy is on the horizon, the article says.
In conjunction with this news, the Wall Street Journal also reported that, due to the Boeing strike, Spirit AeroSystems will furlough approximately 700 workers for three weeks in an effort to cut costs.
