Fitch Ratings

USA

Boeing Faces First Strike in 16 Years as Over 30,000 Workers Demand Higher Wages Amid Mounting Financial Woes

Washington, DC, USA: Over 30,000 Boeing manufacturing workers went on strike on Friday, marking the company’s first labor stoppage in 16 years. The strike adds to Boeing’s already mounting troubles, including a $60 billion debt burden and persistent safety concerns. Boeing’s stock took a hit, reaching a near two-year low as Fitch Ratings warned of a potential downgrade in the…