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Boeing Strike by 33,000 Workers Enters Second Week, Union Rejects 30% Wage Hike

Sep 23, 2024, 06:24 PM

Boeing is facing significant operational disruptions as a strike by over 33,000 union machinists enters its second week. The strike, which began on September 13, has halted production of Boeing's best-selling 737 MAX and other aircraft, leading the company to furlough thousands of non-union employees to conserve cash. The workers, primarily in the Seattle area and Pacific Northwest, are demanding a 40% wage increase over four years, while Boeing's latest offer includes a 30% wage hike, a $6,000 ratification bonus, and improved 401(k) benefits. Despite this, the union has rejected Boeing's 'best and final' offer, citing insufficient negotiation and unmet demands. The strike, Boeing's first since 2008, is estimated to cost the company $100 million each day, with potential long-term impacts on production and financial stability.