Boeing has announced its readiness to return to the negotiating table with its workers after they rejected a pay deal and voted to strike. The company is determined to reach a new agreement with its employees and the union to reset its relationship with them. This decision comes amidst broader discontent within labor forces for dignity, equity, and sustainable work conditions. The strike has caused Boeing’s shares to drop by 1.5%, impacting the company’s financial position.
The Biden administration is encouraging both parties to negotiate in good faith to reach a strong contract. Analysts predict that Boeing will have to make a better offer soon to end the strike. The strike, which began at midnight, Pacific time, may affect Boeing’s ability to deliver planes and generate cash flow.
Meanwhile, UK interest rates are forecasted to fall to 3% in a year, according to Goldman Sachs. PwC expressed disappointment in the audit work of Hengda Real Estate in China and took actions against the individuals involved. Russia has raised its interest rates to 19% due to inflationary pressures.
As Boeing workers picket outside the company’s factory in Washington, public expectations for inflation and interest rates in the UK have fallen to a three-year low. Liam Byrne has been re-elected as the chair of the Business and Trade Committee in the UK parliament. The strike and negotiations between Boeing and its workers will continue to be closely monitored for the potential impact on the company and the aviation industry.
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