10/24/2024

Boeing Strike Continues as Workers Reject Wage Deal

The vote was 64 percent in opposition to the deal

Boeing (BA.N), opens new tab factory workers voted to reject a contract offer and continue a more than five-week strike on Wednesday, in a blow to new CEO Kelly Ortberg's plan to shore up the finances of the struggling plane-maker.

The vote was 64 percent in opposition to the deal, which offered a 35 percent rise in wages over four years, in a major setback for Ortberg who took the top job in August on a pledge to work more closely with factory workers than his predecessors.

The rejection of Boeing's offer, which comes after 95 percent of workers voted against a first contract last month, reflects years of resentment from workers who felt cheated by the company in talks a decade ago and deepens a financial crisis.

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