Overview

• 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.