Boeing Workers Prepare for Strike Over Contract Dispute

Boeing workers are poised to strike after rejecting a recent contract offer, underscoring deep discontent among the workforce. Nearly 33,000 factory employees, represented by the International Association of Machinists, voted overwhelmingly against a proposed 25% pay increase over four years.

The impending walkout threatens to halt operations in Boeing's Seattle area, which is critical for commercial aircraft production. The new CEO, Kelly Ortberg, has cautioned that a strike could jeopardize the company’s recovery and damage customer trust.

Workers have expressed frustration over perceived inequities, highlighting significant executive compensation and extensive stock buybacks while facing production delays and financial losses. This potential strike, the first since 2008, could have serious implications for Boeing’s operations and financial stability, with estimates suggesting significant cash flow losses if the strike extends.