Boeing Strike May Spark Chaos Across Supplier Network As "Significant Spending Reductions" Imminent

Boeing Strike May Spark Chaos Across Supplier Network As "Significant Spending Reductions" Imminent A week ago, Boeing executives thought they had secured a new labor contract for approximately 33,000 unionized workers in Washington state. However, on Thursday night, 94.6% of union members rejected Boeing's contract offer, while 96% voted for a strike. Boeing's last major labor action occurred in 2008 and persisted for eight weeks. CNBC reported Monday that Boeing announced a hiring freeze on nonessential staff travel and reduced supplier spending to preserve cash piles. This could be a...