Boeing has clearly had a turbulent year. From several safety incidents to the Starliner fiasco to bringing in a new CEO amid a massive workers’ strike, the company has endured blow after blow.
And now, it appears the aviation giant is bleeding money. As of Sept. 27, the fallout from 33,000 workers striking accounted for a $1 billion reduction in U.S. GDP, according to economic analysis and modeling company IMPLAN. On Tuesday, Boeing suspended its ongoing negotiations with striking workers, accusing the International Association of Machinists and Aerospace Workers (IAM) of making unreasonable demands and withdrew its previous offer for a 30% pay increase over four years.
