Boeing Employees Reject Proposal for 35% Wage Increase, Strike Continues

Boeing employees are still on strike after rejecting a request for a 35% pay hike as the company’s losses get closer to $6 billion.

A new proposal from the aerospace giant that included a 35% pay raise spread over four years was rejected by striking Boeing employees.

The most recent offer was rejected by 64% of the members of the International Association of Machinists and Aerospace Workers (IAM) union.

After an initial offer was rejected, more than 30,000 Boeing employees began the walkout on September 13.

Kelly Ortberg, the CEO of Boeing, issued a warning, stating that the firm is at a “crossroads” due to growing losses, which are currently close to $6 billion.

Despite ten years of sacrifice, union representatives said there is still much work to be done. They said they were hopeful that talks would soon resume.

The statement went on to say, “This is workplace democracy – and also evidence that there are consequences when a company mistreats its workers year after year.”

After 95% of the workforce rejected the previous offer last month, this is the second time striking workers have legally voted down a potential compromise.

Ortberg, who took over as CEO in August, has previously stated that he had been putting a lot of effort into stabilizing the business while addressing manufacturing and safety issues that had damaged its reputation.

It will take some time for this large ship to turn, but once it does, it has the potential to be great once more, he said.

A stunning mid-air burst on one of Boeing’s passenger jets in January sparked the company’s most recent crisis.

When Boeing’s Starliner spacecraft had to return to Earth without its crew, the company’s reputation suffered as well.

Production has significantly slowed down as a result of the strike, which has made matters worse.

According to Ortberg, the business had disappointed clients because of poor performance and was overburdened with debt.

Over the past three months, Boeing’s commercial aircraft sector reported operating losses of $4 billion, while its defense unit had losses of about $2.4 billion.