Boeing workers strike for better pay and benefits as negotiations continue

ft.com October 6, 2024, 05:01 AM UTC

Boeing workers are on strike for three weeks, demanding better pay and benefits after years of dissatisfaction. The strike, supported by 96% of union members, has halted production in Washington state, with workers receiving support like food and strike pay. Boeing faces significant financial challenges, including $53 billion in debt and a need for $10 billion in cash. The company’s latest pay offer of a 30% increase over four years is seen as inadequate by workers, who have experienced stagnant wages. Negotiations are set to continue with a federal mediator. The union is pushing for a 40% pay increase and the restoration of defined benefit pensions, which Boeing has ruled out. The strike reflects broader labor movements and worker frustrations with corporate practices.


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