The Globe and Mail reports in its Saturday edition that Boeing is eager to get back to the bargaining table to limit damage and reach a settlement after 30,000 workers walked off the job on Friday.
A Reuters dispatch to The Globe says that more than 30,000 International Association of Machinists and Aerospace Workers (IAM) members who produce Boeing's top-selling 737 Max and other jets in the Seattle and Portland areas voted on their first full contract in 16 years, with 94.6 per cent rejecting it and 96 per cent favouring a strike.
Brian West, Boeing's chief financial officer, said on Friday that the company wants to get back to the table. He said the walkout will make it harder for Boeing to meet the production of its best-selling 737 Max jet target and stabilize its supply chain.
Moody's put the plane maker's rating on review, while Fitch said a prolonged strike could have substantial operational and financial impact, increasing risk of a downgrade. On Thursday, S&P Global Ratings said an extended strike could hurt its overall rating, which is one notch above junk status.
The stock fell 3.8 per cent Friday. It has lost nearly 38 per cent so far this year, losing $58-billion (U.S.) in market value.
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