Boeing’s US West Coast factory workers began a strike after 96% voted in favor, halting production of its 737 MAX and other jets, Reuters reports.
About 30,000 union members walked off after rejecting a contract that offered a 25% wage increase and a $3,000 signing bonus, far below the 40% demanded by workers. This is Boeing’s first strike since 2008 and comes as the company faces significant challenges, including production delays, safety concerns, and $60 billion in debt.
A prolonged strike could cost Boeing $3-3.5 billion in cash flow after 50 days, threatening the company’s recovery and impacting airlines and suppliers. The last Boeing strike in 2008 lasted two months. Both the company and the union plan to return to negotiations.
