Boeing Workers Extend Strike After Rejecting Latest Contract Offer

The union's demand for pension restoration and higher wages remains a sticking point as Boeing grapples with significant financial losses.

Boeing machinists rejected a contract proposal offering a 35% wage increase and bonuses, extending a strike that has lasted over 40 days.
The union, representing 33,000 workers, is pushing for a 40% pay hike and the reinstatement of a defined pension plan, which Boeing has refused to restore.
The ongoing strike is costing Boeing approximately $1 billion per month, contributing to a reported $6 billion loss in the recent quarter.
Boeing's new CEO, Kelly Ortberg, emphasized ending the strike as a top priority for the company's recovery, acknowledging the need to rebuild trust with employees.
Analysts warn that the strike's continuation could further impact Boeing's production and financial stability, urging a swift resolution to negotiations.