Roughly 64% of union members voted against a proposal that included a 35% wage increase over four years and $7,000 in bonuses|@MachinistsUnion|X
Boeing’s largest union, the Machinists, rejected a revised labor deal Wednesday proposed by the aviation giant, extending a strike that has already lasted six weeks and threatens the company’s finances.
Roughly 64% of union members voted against a proposal that included a 35% wage increase over four years and $7,000 in bonuses.
With factories for the 737, 767, and 777 jets idled, Boeing faces mounting revenue losses, costing an estimated $1 billion a month.
New CEO Kelly Ortberg is tasked with finding solutions to Boeing’s financial challenges. The aviation giant reported a third-quarter loss of more than $6 billion yesterday.
The strike, involving 33,000 Boeing workers, has impacted suppliers, prompting staff cuts.
Union leaders highlight dissatisfaction with the company’s lack of pension restoration and insufficient wage increases, further complicating negotiations.