Boeing Faces Financial Strain as Machinists Extend Strike

The ongoing strike by 33,000 machinists threatens Boeing's operations and supply chain, as workers demand better wages and pension restoration.

Boeing machinists have been on strike for 40 days, rejecting the latest contract offer with a 64% majority.
Key demands include a 40% wage increase over four years, pension restoration, and limits on mandatory overtime.
Boeing's financial stability is at risk, with a $6 billion quarterly loss and a looming credit downgrade.
The strike impacts Boeing's supply chain, causing layoffs at major suppliers like Spirit AeroSystems.
Union leaders emphasize the need for significant contract improvements, as workers remain committed to their demands.