Boeing intends to cut almost 2,200 jobs in the US state of Washington, which is home to many of its oldest factories, according to a statement released Monday.
In the first 10 months of the year, Boeing said it delivered 305 airplanes, down from 405 in the same period last year
It originally involved six plaintiffs but until now all but one had settled, according to a source familiar with the case.
The contract includes a 38 percent wage hike, a $12,000 signing bonus and provisions to lift employer contributions to a 401K retirement plan and contain health care costs
64 percent of the members of the International Association of Machinists and Aerospace Workers District 751 rejected the contract, the union said on X
Boeing confirmed a tentative deal was reached and said it includes a 35 percent pay raise over four years and a one-time signing bonus of $7,000
The aviation giant must "reset our workforce levels to align with our financial reality," Chief Executive Kelly Ortberg said, adding that the cuts of 17,000 positions globally "will include executives, managers and employees."
About 33,000 Boeing workers in the Pacific Northwest have been on strike for nearly a month in a fight focused on higher wages and improved retirement benefits.
The union for striking Boeing workers said Friday that talks with the aviation giant "broke off" without agreement, after some 33,000 US employees walked out this month
Boeing has been beset in recent years with concerns about safety and quality control, with a near-catastrophic incident on an Alaska Airlines Boeing 737 MAX in January bringing renewed pressure on the company.
Boeing's quality control practices will be placed under a microscope this week
The company also posted a bigger quarterly loss, as its troubled defense and space business exacerbated the financial strain on the US planemaker that has already scaled back commercial aircraft production to tackle a quality crisis.
Boeing has agreed to plead guilty to a criminal fraud conspiracy charge to resolve a US Justice Department investigation linked to two 737 MAX fatal crashes, a government official said on Sunday
Prosecutors are recommending that the Department of Justice bring criminal charges against the $104 billion aviation company, according to sources cited by Reuters, for breaching the terms of its deferred prosecution agreement
Boeing still plans to steadily increase its rate to meet "strong demand," according to the memo seen by Reuters from Scott Stocker, 787 vice president and general manager
There is a fundamental problem with how Boeing is being run.
Production issues, safety incidents are among the causes plaguing Boeing
The single-aisle C919 aircraft produced by the Commercial Aircraft Corporation of China (COMAC) recently made its international debut at Asia's biggest airshow, the Singapore Airshow. The China-made aircraft features both flying and on-the-ground displays, seeking to attract international buyers and competing with reputed aircraft makers Boeing and Airbus.
Boeing said it delivered 27 airplanes in January, which was down 29 percent from the same month last year
