Boeing Machinists Strike Over Rejected Contract, Halting Production

The strike by 33,000 workers follows a rejected wage increase offer, adding pressure to Boeing's financial struggles and production delays.

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.