Boeing's ongoing financial and production issues, exacerbated by a mid-air panel blowout in January, will not deter its workers from holding a strike to achieve better terms in their negotiations.
Reuters reported that the Seattle president of the International Association of Machinists and Aerospace Workers (IAM) made this clear on Thursday.
Boeing Workers Are Ready to Strike
The IAM, representing over 30,000 workers in Washington state who build Boeing jets, is pushing for improved retirement benefits and wage increases surpassing 40% over three to four years.
They argued that their earnings have stagnated for years and required significant adjustments. The union has remained firm despite Boeing's efforts to navigate the crisis triggered by the January incident involving an Alaska Airlines 737 MAX jet.
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Financial Woes of Boeing
Boeing's chief financial officer recently acknowledged that the company would likely burn cash rather than generate it in 2024, with no expected increase in deliveries for the second quarter.
Amid these tensions, workers staged a noisy rally Tuesday at Boeing's Renton plant near Seattle, aligning it with a media visit meant to highlight quality enhancements at the factory.
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