The ailing US aircraft manufacturer Boeing wants to get its budget situation under control by taking out loans and issuing bonds. According to documents filed with the stock exchange on Tuesday, the company is considering issuing various securities such as bonds or stocks worth up to 25 billion dollars (almost 23 billion euros). Boeing had previously announced that it had raised a total of ten billion dollars from various banks.
The aircraft manufacturer has had numerous problems in recent years, which also affected the safety of its machines. In addition, there is now a strike that began in mid-September in the Pacific Northwest region around the US metropolis of Seattle. Because of the work stoppages, assembly of the Boeing 737 Max and 777 aircraft came to a virtual standstill.
The first month of the strike cost Boeing more than $3 billion, according to calculations by the Anderson Economic Group. Also citing the impact of the strike, the company announced last week that it would cut around ten percent of its global jobs in the coming months – around 17,000 jobs.
Meanwhile, collective bargaining remains stuck. At the beginning of last week, Boeing suspended talks with the IAM union and withdrew its collective bargaining offer. The employees made “non-negotiable demands that go far beyond what can be accepted,” the company said in its justification. The IAM points to salary increases that have not occurred since 2008.
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