33,000 Boeing Workers Strike Over Contract Disputes

Union members demand higher wages, pension restoration, and improved safety standards after rejecting a tentative deal.

The strike, affecting Boeing's Seattle and Portland plants, is the first since 2008 and involves 20% of the company's workforce.
Union members rejected a proposed contract offering a 25% wage increase over four years, demanding instead a 40% raise and a return to the pension system.
The work stoppage, which could cost Boeing up to $1 billion per week, comes amid the company's efforts to ramp up production and address safety concerns.
Boeing's financial stability is at risk, with the company already $60 billion in debt and its stock price down 38% this year.
Both Boeing and union leaders express willingness to return to the negotiating table to resolve the dispute.