Boeing 737 MAX aircraft in storage at Boeing Field [Credit: AirlineGeeks | William Derrickson]
Key Takeaways:
Boeing has completely halted 737 production due to ongoing and costly strikes by the International Association of Machinists and Aerospace Workers (IAM) in the Pacific Northwest.
The production stoppage follows 33,000 IAM members refusing to vote on Boeing's "final offer," stating it was not negotiated with union representatives and failed to address their concerns.
The strikes are projected to cause $3.5 billion in revenue losses for Boeing by the end of September, largely impacting 737 deliveries, and have already led to worker furloughs.
Boeing 737 production ground to a halt on Wednesday as the company continues to be riddled with costly strikes in the Pacific Northwest.
A Fortune report stated that two separate representatives from Boeing confirmed the production stoppage after a Tuesday Bank of America analyst note suggested production of the company’s best-selling jets had come to a “complete halt.”
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Caleb Revill is a journalist, writer and lifelong learner working as a Junior Writer for Firecrown. When he isn't tackling breaking news, Caleb is on the lookout for fascinating feature stories.
