Good morning. Following aircraft malfunctions and a series of mismanagement missteps, The Boeing Company has a major new dilemma on its hands: Thousands of its workers just walked off the job. In response, CFO Brian West is to cut costs. But will doing so risk creating long-term damage in the form of employee morale sinking even lower?
The latest ordeal for Boeing began on Thursday when about 33,000 unionized workers in the Pacific Northwest voted overwhelmingly to reject a tentative, last-minute agreement reached between the company and the union leadership. Boeing proposed a 25% wage increase over four years and other improvements to health care and retirement benefits, but the union had sought raises of about 40%. The strike began on Friday.
