Boeing employees overwhelmingly decline contract and get ready to go on strike.

More than 30,000 Boeing workers were poised to strike after rejecting a new labor contract, resulting in the halt of aircraft production. The workers had overwhelming voted against the tentative agreement, which included wage increases and benefits improvements. The union had sought higher raises due to the rising cost of living. The strike, deemed an “unfair labor practice strike” by the union president, was set to begin after the workers voted in favor. The impact of the strike on Boeing’s finances could be significant, potentially costing the company billions. CEO Kelly Ortberg had urged workers not to strike, warning of the potential consequences for the company’s recovery. The tentative agreement also included a promise to build the next commercial jet in Seattle in an attempt to win over the workers, who were still reeling from the production move of the 787 Dreamliner to a non-union factory in South Carolina. The strike is a setback for Boeing, which has been struggling to restore its reputation and increase production. The company has faced production challenges and safety issues, including a recent incident with a Boeing 737 Max 9 aircraft. The financial impact of the strike could be substantial for Boeing, with analysts estimating potential billions in losses and destabilization of suppliers and supply chains.

Photo credit
www.nbcnews.com