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International Business Times
International Business Times
Business
Shreyashi Chakraborty

Boeing Strike Enters Second Week, Losses Touch $572M

Workers build a Boeing 777X passenger plane for Qatar Airlines on June 26, 2024, in Everett, Washington. (Credit: JENNIFER BUCHANAN/POOL/AFP via Getty Images)

The ongoing strike by 33,000 Boeing machinists has already cost the company $572 million in losses, according to an estimate from Anderson Economic Group, a Michigan-based research firm specializing in estimating the economic impact of disruptions like strikes.

The strike by the International Association of Machinists (IAM) union, which reached its seventh day, sparked concerns of a greater economic toll if a settlement isn't reached soon, Patrick Anderson, founder, and president of Anderson Economic Group told CNN.

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