Boeing factory workers have been on strike for six weeks, rejecting the company's latest contract offer which would have restored pay and pensions. Union leaders report that 64% of workers voted against the proposal, citing their ongoing demands. The strike has already impacted production and the company's finances, as Boeing reported a $6 billion loss in the third quarter. CEO warns of potential layoffs and setbacks in the rollout of new planes.
Boeing Factory Workers' Strike Enters Sixth Week
Background
Boeing factory workers have been on strike since October 1, 2022, after rejecting the company's latest contract offer. The strike follows months of negotiations between the union representing the workers, the International Association of Machinists and Aerospace Workers (IAM), and Boeing management.
Current Situation
The key sticking point in the negotiations is wages. The union is seeking a 12% pay increase over three years, while Boeing has offered 5%. The union also wants the company to restore employee pensions, which were frozen in 2009.
In a vote held on November 16, 2022, 64% of workers voted against Boeing's contract offer. As a result, the strike continues.
Impact
The strike has already had a significant impact on Boeing's production and finances. The company reported a $6 billion loss in the third quarter, and CEO Dennis Muilenburg has warned of potential layoffs and setbacks in the rollout of new planes.
Top 5 FAQs
1. Why are Boeing factory workers on strike?
The workers are striking for higher wages and the restoration of employee pensions.
2. How long has the strike been going on?
The strike began on October 1, 2022, and has now entered its sixth week.
3. What is the expected impact of the strike?
The strike is expected to continue to have a significant impact on Boeing's production and finances.
4. What are the chances of a settlement?
Negotiations between the union and Boeing management are ongoing, but there is no indication of a settlement in the near future.
5. What is the union's next step?
The union has said it will continue to fight for its members' demands and is prepared to strike for as long as it takes.
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