Sept 7 (Reuters) - Boeing Co's 27,000-strong machinists union is on strike, halting commercial airplane production, after last-ditch talks failed to agree to a new labor contract by a deadline of midnight Seattle time on Saturday.
Boeing (nyse: BA - news - people ) says plants will stay open, with workers in other unions and nonunion employees expected to report, but production lines at its massive facilities in Everett and Renton, Washington, will halt assembly.
If the fourth Boeing strike in 20 years is prolonged, here are some of the financial losses and problems predicted for the company and an increasingly worldwide supply chain. Economists also anticipate a drag on the Seattle-area and U.S. economies."
Monday, 8 September 2008
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