Boeing Machinists Reject New Contract Amid Ongoing Strike Challenges

Boeing Machinists' Contract Rejection Extends 41-Day Strike

Striking Boeing machinists rejected a proposed contract that would have ended a costly 41-day work stoppage. The machinists, represented by the International Association of Machinists and Aerospace Workers (IAM), turned down a deal that included a 35 percent wage increase over the next four years, a $7,000 ratification bonus and improved retirement offerings.

Jon Holden, president of IAM District 751 and Brandon Bryant, president of IAM District W24, stated that "there are consequences when a company mistreats its workers year after year."

Union's Demands and Legislative Support

• Union members previously rejected a proposal with a 25 percent wage increase.
• Workers are demanding a 40 percent increase and reinstatement of a defined-benefit pension plan.
• Lawmakers, including Acting Labor Secretary Julie Su, are pressuring Boeing for a fair resolution.

Boeing's Financial Challenges

The ongoing strike has severely impacted Boeing, which reported a $6 billion loss last quarter and $8 billion loss from January to September.

Boeing has faced production and quality control issues, especially after an incident involving a Boeing 737 Max. To combat financial struggles, Boeing announced a plan to lay off 10 percent of its workforce or around 17,000 employees.

In addition, plans for the first deliveries of the new 777X passenger jet have been delayed, alongside the phase-out of 767 Freighters by 2027.