Latest talks between Boeing and its striking machinists break off without progress, union says

And things have now gone from worse to even worse...

finance.yahoo.com

Boeing Launches $19 Billion Share Sale to Thwart Downgrade

(Bloomberg) -- Boeing Co. launched a nearly $19 billion share sale, one of the largest ever by a public company, to address the troubled planemaker’s liquidity needs and stave off a potential credit rating downgrade to junk.Most Read from BloombergThe Tartarian CandidateA Courtyard Apartment...
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edwest4 said:
And what do the striking machinists want?

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I doubt you'll find many people who had a company pension scheme gutted or whipped out from under them entirely who are very happy about it, or wouldn't fight to have them back if the odds turn in their favour . Which is something companies should really have been recording in their risk registers, not touting as a triumph for their shareholders.
 
DWG said:
I doubt you'll find many people who had a company pension scheme gutted or whipped out from under them entirely who are very happy about it, or wouldn't fight to have them back if the odds turn in their favour . Which is something companies should really have been recording in their risk registers, not touting as a triumph for their shareholders.
Click to expand...

I watched the lead up right before a large Midwest printing company closed its doors. Its future looked promising but it became a takeover target. The sharks circled, tendered a buy offer, but that was scuttled since the company had not kept up with its employee pension obligations. I'm still in shock about this. I think it's similar at Boeing. But instead of paying into employee pensions, a decision was made to to forgo the expense. I'm sure shareholders were happy. Let's see how long Boeing can hold out.
 

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