Boeing workers to remain on strike after rejecting new contract

The Boeing workers’ strike continues as union members reject a new contract, dealing a blow to the aerospace giant’s production and financial health. The strike, which has lasted for six weeks, has crippled Boeing’s operations at a time when the company is already facing challenges due to quality and safety issues.

Experts estimate that the strike has cost Boeing billions, with the company reporting a $6.1 billion loss in the third quarter due to the work stoppage. The union leaders have stated that they will continue to negotiate in good faith to secure gains for the workers that make up for past losses.

The tentative deal that was rejected by the union members would have seen a 35% pay rise over four years for the 33,000 workers represented by the IAM. This rejection comes after an earlier offer from Boeing was also turned down by a large majority of union members, leading to the current strike.

The ongoing strike and the financial impact on Boeing highlight the challenges facing the company as it navigates a turbulent period. Stay tuned for further updates on this developing story.