Payday is pro-Harris but they often report the uncomfortable truths that others do not.
https://mailchi.mp/paydayreport.com/kamala-mia-as-boeing-seeks-15-billion-to-break-the-strike-boeing-announces-17000-layoffs-dc-homeless-workers-unionize?e=ac86e841cf *Kamala MIA as Boeing Seeks $15 Billion to Break the Strike* The Boeing strike is set to enter its second month next week with more than 33,000 workers in the largest ongoing strike in the United States. By all indications, it appears that Boeing is digging in for a long strike. Earlier this week, Boeing withdrew its wage offer and even canceled all future negotiations in a hardball tactic designed to intimidate the union. However, Boeing has taken some hits as well. They have already lost $1 billion. Now, S&P has put them on notice that their credit will likely be downgraded. ( https://paydayreport.us13.list-manage.com/track/click?u=bfb9ba2904c04d04f7ecac8fe&id=a457d41ace&e=ac86e841cf ) In an attempt to shore up finances, Boeing is seeking to raise $15 billion through selling an equity stake. Their stock sits at a 52 week low. ( https://paydayreport.us13.list-manage.com/track/click?u=bfb9ba2904c04d04f7ecac8fe&id=82f02f21ce&e=ac86e841cf ) “This financial strain is compounded by the potential for a credit rating downgrade from agencies like S&P, which have already placed Boeing’s debt on watch,” Jon Morgan, CEO of business consultancy Venture Smarter, told Fortune. ( https://paydayreport.us13.list-manage.com/track/click?u=bfb9ba2904c04d04f7ecac8fe&id=c5ca4a0848&e=ac86e841cf ) “Considering these factors, an equity offering seems a plausible step for Boeing to shore up its finances. The company needs to ensure it has sufficient liquidity to deal with the ongoing labor disputes and maintain its operations.” *Boeing Announced 17,000 Layoffs in Scare Tactic* Earlier today, Boeing announced that they would lay off 17,000 workers in an attempt to reduce costs and restructure their company, a move that may be intended to intimidate striking workers, who are seeking a 40% wage increase. At a time, when Boeing is bleeding cash, it appears that the Biden-Harris Administration has yet to apply heavy pressure. While the White House has called for Boeing to negotiate and cut a fair deal, so far they have yet to threaten to take away Boeing’s more than $15 billion in federal contracts awarded last year. During the “Stand Up Strike” against the Big Three, President Biden became the first American president to walk a picket line. However, so far, both President Biden and Vice President Harris have been “missing in action” on the Boeing picket line. At a time, when the campaign is stressing that the Biden-Harris administration was the most pro-union Administration ever, it appears strange that Kamala is missing from the picket line so far. The Harris-Walz campaign could not be reached for comment about when they intend to walk the picket line at Boeing. Payday will update when we learn more. -=-=-=-=-=-=-=-=-=-=-=- Groups.io Links: You receive all messages sent to this group. View/Reply Online (#32836): https://groups.io/g/marxmail/message/32836 Mute This Topic: https://groups.io/mt/108960590/21656 -=-=- POSTING RULES & NOTES #1 YOU MUST clip all extraneous text when replying to a message. #2 This mail-list, like most, is publicly & permanently archived. #3 Subscribe and post under an alias if #2 is a concern. #4 Do not exceed five posts a day. -=-=- Group Owner: [email protected] Unsubscribe: https://groups.io/g/marxmail/leave/13617172/21656/1316126222/xyzzy [[email protected]] -=-=-=-=-=-=-=-=-=-=-=-
