Overview

• Boeing's 33,000 blue-collar employees began their strike on Friday after rejecting a proposed contract that included a 25% wage increase over four years.
• The strike is expected to exacerbate Boeing's ongoing financial and operational challenges, including production delays and mounting debts.
• Federal mediators are set to convene new talks early this week as both Boeing and the union express willingness to return to the negotiating table.
• Union members are prepared for a prolonged strike, citing insufficient wage increases and changes to bonus criteria as key issues.
• Analysts predict that a strike extending beyond two weeks could significantly impact Boeing's credit rating and stock, with potential losses estimated at $110 million per day.