contract

Over 30,000 Boeing workers, or about 20% of the company’s employees, are preparing to strike on Friday after rejecting a new labor contract.Workers in Washington and Oregon voted against an agreement that Boeing and the labor union for machinists and aerospace workers proposed on Sunday. The vote was the first…

By Joe Brock and Allison Lampert SEATTLE (Reuters) – Boeing (NYSE:)’s U.S. West Coast factory workers will vote on a much-criticized new contract and a possible strike on Thursday, piling pressure on the planemaker as it wrestles with chronic production delays and mounting debt. A potential strike starting on Friday…

By Allison Lampert, Matt McKnight and David Shepardson SEATTLE (Reuters) -Boeing faces a possible strike as early as Friday if most of the U.S. planemaker’s factory workers in the Pacific Northwest vote on Thursday to back a work stoppage and reject a tentative deal that has enraged many of them.…

Investing.com — Deutsche Bank reports that low-cost airlines plan to reduce their system capacity by about 3% in the upcoming December quarter. Recent schedule changes indicate this shift in airline operations.As per analysts at Deutsche Bank, Spirit Airlines (NYSE:), a major player in the low fare carrier segment, has taken…

By Fabian Cambero SANTIAGO (Reuters) – The union at BHP’s Escondida mine in Chile, the world’s largest mine, has called on its nearly 2,400 members to reject a final contract offer from the company and prepare for a strike, the union president said. Union President Patricio Tapia told Reuters that…

Fisker filed for bankruptcy on Monday and Ocean owners are already beginning to feel the pinch.EV charging company ChargePoint notified some Fisker Ocean owners that the company had rescinded their promotional charging credits on Tuesday morning. The company said in an email to owners who had received charging credits through…

A green energy founder pulled out of a $100 million Neom contract after he realized that the Saudis were bulldozing villages to make way for the megacity.Malcolm Aw, the CEO and founder of Solar Water, told Business Insider that he initially got involved with Neom to help realize its ambitions…

By Doyinsola OladipoNEW YORK (Reuters) – Unionized hotel workers demanding significant pay raises will rally on May Day in 18 U.S. and Canadian cities, as talks are beginning with operators Marriott International (NASDAQ:), Hilton Worldwide Holdings (NYSE:) and Hyatt Hotels (NYSE:) Corp.Talks will cover about 40,000 workers who look to…

By Allison Lampert MONTREAL (Reuters) – Productivity has slipped at a Montreal-area Airbus factory trying to ramp up assembly of the planemaker’s smallest commercial jet, as workers consider a new contract offer, according to sources and a union memo sent on Friday. Airbus and union negotiators failed to reach a…

NASA awarded Blue Origin $172 million to develop a space station for both astronauts and tourists.The space station, called Orbital Reef, will need to be able to support human life. Recently, Blue Origin passed four milestones in helping prove Orbital Reef is well on its way. The International Space Station won’t…