Boeing posted a loss of more than $6 billion in the quarter ended September 30, thanks to a shutdown of its operations due to an ongoing workers’ strike and accusations against its commercial aircraft and its programs. defense, PTI reported.

The company reported a loss of $6.27 billion in the third quarter, with an adjusted loss of $10.44 per share. Total revenue stood at $17.84 billion, as per estimates.

On Wednesday, striking union workers are expected to vote on whether to return to work or continue the strike after the company’s offer, which has lasted six weeks and resulted in a shutdown of operations in Seattle.

Boeing’s offer includes a 35 percent salary increase over a four-year period, $7,000 ratification bonuses and the continuation of performance bonuses, according to an AFP report.

Boeing will not be able to produce new 737s, which would generate additional revenue until the strike ends, with 33,000 workers halting production at Seattle assembly plants.

Ortberg calls for “fundamental cultural change”

Boeing CEO Kelly Ortberg announced a plan to revive the company after mounting losses. Ortberg became CEO of Boeing in August.

Boeing needs “a fundamental culture change within the company.” He said company leaders should spend time in factories to find out what’s going on and “prevent problems from getting worse and work better together to identify, resolve and understand root causes,” according to a report from AFP quoted Ortberg in his remarks to investors.

Ortberg said he wants to “reset” the relationship between management and workers “so we’re not as disconnected in the future,” hoping workers will return to work soon.

“It will take time to return Boeing to its former heritage, but with the right direction and culture, we can once again become an iconic company and leader in aerospace,” he added.

The CEO had earlier announced massive layoffs and aimed to raise funds to avoid filing for bankruptcy. Additionally, the company must assure federal regulators that it is addressing the 737 Max’s safety issues.

Since 2018, Boeing has not reported any profits.

Meanwhile, some workers still have not accepted Boeing’s proposal.

“Pensions should have been the top priority. We all said this was our top priority, along with wages,” the report said, citing Larry Best, Boeing’s customer quality coordinator. “Now is the perfect opportunity to get our pension back, and we all need to stay out of the way and get on with it,” he added. He estimates that salaries should be increased by 40 percent over three years.

“You can see we had a great turnout today. I’m pretty sure they don’t like the contract because that’s what I’m here for,” the report quotes Bartley Stokes, another worker.

“We are here in force, and we will show our solidarity, stand with our union brothers and sisters and vote against this measure because they can do better,” he added.