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Boeing machinists approved a new labor deal Monday, ending a more than seven-week strike that halted most of the aircraft production at the company that was already struggling with mounting losses.
NEW DELHI (AP) — Amazon staff in India have joined strike action calling for better wages and working conditions as the company prepares for one of the busiest shopping periods of the year.
TIRANA, Albania (AP) — A ship suspected of carrying a large amount of hazardous waste docked Friday at Albania’s main port, where prosecutors have ordered that its contents be tested.
Amazon's online advertising business brought in $14.3 billion in the third quarter, up 19% year over year, in line with analysts' estimates of $14.3 billion.
Spirit AeroSystems is weighing furloughs or layoffs of hundreds more employees if the Boeing machinists' strike stretches beyond Nov. 25, a company spokesman told CNBC Thursday.
Boeing machinists voted against a new labor deal that included 35% wage increases over four years, their union said Wednesday, extending a more than five-week strike that has halted most of the company's aircraft production, which is centered in the Seattle area.
It's been just over a month since more than 30,000 Boeing machinists walked off the job after overwhelmingly voting down a tentative contract. Costs and tensions have only risen since then.
Boeing will temporarily furlough thousands of U.S. executives, managers and other staff, citing the ongoing machinist strike as the company races to preserve cash, CEO Kelly Ortberg told employees Wednesday.