From CNBC: 2024-09-21 08:03:00

Boeing factory workers in Renton, Washington are on strike, pushing for higher pay. The ongoing strike is costing Boeing about $50 million a day. The strike fund from the union will provide workers with $250 a week. The workforce is seeking wage increases closer to 40%, among other improvements.

Boeing CEO Kelly Ortberg is trying to restore the company’s reputation after recent manufacturing crises. The strike has halted production of most Boeing aircraft, causing ripple effects on suppliers. Negotiations have stalled, leading to temporary furloughs for tens of thousands of Boeing staff.

The strike, involving Boeing machinists in the Seattle area, Oregon, and other locations, is the latest in a series of labor battles. The tight labor market poses challenges for Boeing and its suppliers. The Biden administration encourages both parties to reach a resolution beneficial for workers and the company.



Read more at CNBC: Machinists prepare for lengthy stoppage