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A prolonged strike could significantly impact Boeing's finances, as well as airlines and suppliers reliant on its jets. Analysts estimate a 50-day strike could cost Boeing $3bn to $3.5bn in cash flow.
The union of started out seeking pay raises of more than 40% over three years, although "that's probably not where we're going to end up,” IAM District 751 President Jon Holden said last week.
The labor standoff — the first strike by Boeing machinists since an eight-week walkout in 2008 — was the latest setback in a volatile year for the aerospace giant.
The 2024 Boeing machinists strike was a labor strike by more than 33,000 machinists employed by aerospace giant Boeing from September to November 2024. It was the first strike by the International Association of Machinists and Aerospace Workers (IAM) at Boeing since the 2008 strike .
The strike began Sept. 13 when more than 94% of workers voting rejected an offer of 25% over four years. ... Virginia, is unwilling to bend on the issue. Boeing has said that average annual pay ...
The strike started soon after a regional branch of the International Association of Machinists and Aerospace Workers reported that in a Thursday vote, 94.6% of participating members rejected a ...
On September 12, 2024, IAM District 751 voted to strike against Boeing over a proposed contract's pay and benefits with 94.6% of votes in and 96% in favor of a strike. [23] The union leadership had reached a tentative agreement with Boeing prior to the vote and endorsed the contract. [24]
Oct. 3—MOSES LAKE — Tuesday marked the 20th day on strike for 33,000 Boeing workers, and there has yet to be an agreement between Boeing and the union, IAM 751, on the employees' contract.