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Boeing is moving toward raising up to $25 billion to shore up its troubled financial position.
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Boeing has withdrawn a contract offer that would have given striking workers 30% raises over four years after talks broke down. The union said that the offer was withdrawn after a second day of mediated talks.
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This week, Boeing cut off company-paid healthcare coverage for tens of thousands of striking Boeing machinists and their families. But, a new Washington state law could fill the gap.
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While the machinist's union and Boeing return to the negotiating table, workers are manning picket lines across the Puget Sound region.
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Boeing is giving the union for 33,000 striking workers more time, but it still wants a vote on its latest contract proposal, which is getting poor reviews from workers.
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Boeing's proposed contract, released on Monday, includes bigger raises and bonuses than the offer that union members overwhelmingly rejected this month.
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Boeing has started rolling furloughs of nonunion employees as a week-old labor strike by 33,000 union machinists shows no signs of ending.
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Journalist Peter Robison, who has covered Boeing's troubles for years, says the company is taking immediate steps to limit the financial damage the work stoppage could cause.
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Chief executive Kelly Ortberg said Wednesday that the layoffs would affect executives, managers and other employees.
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Boeing is just the latest business to grapple with union workers over issues including wages and benefits like health care.