New York CNN —The strike at Boeing by 33,000 members of the International Association of Machinists union, which reaches its seventh day today, has already cost the company and workers $572 million, according to an estimate from Anderson Economic Group.
“The first week of losses for Boeing are substantial, but they’ll pale in comparison to what comes in the following weeks,” Anderson told CNN.
The strike at Boeing (BA), on the other hand, has yet to have a measurable economic impact on airlines so far, Anderson said.
The losses for workers, primarily the 33,000 union members who have gone on strike, as well as for suppliers come to about $117 million in the first week.
The strike will also cost about $10 million in local losses, including at businesses near the plants, according to Anderson.
Persons:
Patrick Anderson, “, ” Anderson, Anderson, Kelly Ortberg, Boeing’s, Max
Organizations:
New, New York CNN, Boeing, International Association of Machinists, Anderson Economic, CNN, General Motors, Max, Federal Aviation Administration, FAA, Airbus
Locations:
New York, Michigan, South Carolina