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New York Post
16 days

Boeing St. Louis defense workers set to strike after rejecting latest offer

1. Union members in St. Louis reject Boeing's contract, initiating a strike. 2. Boeing's original offer included a 20% wage hike over four years. 3. Strike involves 3,200 employees, but is smaller than last year's. 4. Boeing is expanding facilities for the new F-47A fighter jet. 5. Company expresses disappointment over union rejection of contract terms.

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FAQ

Why Bearish?

A strike could disrupt production and deliver supply chain uncertainties similar to past events, raising operational costs and potentially affecting stock valuation.

How important is it?

The ongoing labor dispute can lead to potential operational disruptions, impacting BA’s earnings and investor sentiment.

Why Short Term?

The immediate impact of production delays during the strike is likely to affect BA adversely in the short run, as seen from historical production halts.

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