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What will be the total financial impact of the Boeing machinists' strike by December 31, 2024?
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Resolution / Starting Odds
Less than $1 billion • 25%
$1 billion to $2 billion • 25%
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Boeing's financial reports, major news outlets
Story
Boeing Faces Major Disruptions as 33,000 Machinists Strike in Washington State, Oregon
Sep 20, 2024, 12:03 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 12, has led to the furlough of thousands of employees in Washington State and Oregon, halting production of Boeing's best-selling 737 MAX and other airplanes. The machinists, represented by the International Association of Machinists and Aerospace Workers (IAMAW), walked off the job after rejecting a tentative contract. Key issues include demands for higher wages, better benefits, and improved workplace conditions. Boeing has offered a 25% pay increase, while the union is demanding a 40% increase over four years. Mediation efforts have so far failed to produce a resolution, with no additional talks scheduled. The strike is estimated to cost Boeing $100 million each day, adding further pressure on the company's financial position.
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Less than $1 billion • 25%
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