SEATTLE (AP) — Aerospace giant Boeing said Friday it's suspending a company vaccination requirement for all U.S.-based employees.
The Seattle Times reports the company adopted a COVID-19 vaccine mandate in October to ensure compliance with the federal executive order that required all employees of federal contractors to be vaccinated.
The mandate faced opposition from a vocal minority of Boeing workers.
In an internal company announcement, Boeing told employees its decision to suspend the mandate “comes after a detailed review of a U.S. District Court ruling earlier this month that halts the enforcement of a federal executive order requiring vaccinations for federal contractors.”
Boeing Commercial Airplanes CEO Stan Deal, who is vaccinated, told the newspaper he still wants “to encourage every one of our workforce to get vaccinated.”
Pointing to how critical vaccination is for hope of a global air travel recovery, Deal added that “the world, and the airline industry, will recover under vaccination.”
Boeing’s statement cited “over 92% of the company’s U.S.-based workforce having registered as being fully vaccinated or having received a religious or medical accommodation.”
That means 8%, or about 10,000, U.S. employees could have been under threat to lose their jobs under the mandate.
Before you consider Boeing, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Boeing wasn't on the list.
While Boeing currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Unlock your free copy of MarketBeat's comprehensive guide to pot stock investing and discover which cannabis companies are poised for growth. Plus, you'll get exclusive access to our daily newsletter with expert stock recommendations from Wall Street's top analysts.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.