Overview

• The strike, which began on September 13, involves over 32,000 Boeing machinists in Seattle and Portland demanding a 40% pay rise and pension restoration.
• Boeing's latest offer of a 30% pay increase over four years and a performance bonus was rejected by the union, which criticized the company's public release of the offer.
• The work stoppage has halted production of key aircraft models, including the 737 MAX, 767, and 777, leading to an estimated $3.5 billion in revenue losses by the end of September.
• To conserve cash, Boeing has implemented measures such as leadership pay cuts, hiring freezes, and temporary furloughs for non-union employees.
• Federal mediators will oversee the next round of negotiations, but both sides remain far apart on key issues, risking further financial and operational impacts.