Boeing’s factory workers went on strike after rejecting a new labor contract by a large margin, halting production of the company’s top-selling airplanes. The workers voted overwhelmingly in favor of a strike, citing discriminatory conduct and unfair labor practices by the company. Boeing had offered a tentative agreement that included wage increases and improvements to benefits, but the workers felt it did not adequately address their concerns, especially regarding the cost of living. The strike is a setback for Boeing, which has been working to recover from safety crises and production issues. The company’s CEO had urged workers to accept the contract to avoid jeopardizing the company’s recovery efforts. The strike’s financial impact could be significant, with estimates suggesting a 30-day strike could cost Boeing $1.5 billion and potentially destabilize suppliers and supply chains. Boeing has been struggling with production issues, manufacturing flaws, and labor shortages, as well as increased federal scrutiny following safety incidents involving its aircraft.
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