Boeing workers reject wage deal, strike continues amid rising tensions

Quick Summary:

Time is running out for Boeing, historically the largest US exporter, and its biggest union to reach a deal before the presidential election on Nov.

Boeing 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 planemaker.

After the vote, union leaders said they were ready to immediately resume negotiations with Boeing on the first new contract since 2014, when the company used the threat of moving production of the new version of the 777 out of the region to push through a deal that ended traditional pensions.

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Category: BusinessFinance

Markets: India

Topics: Us boeing Boeing Aviation Boeing USA Airplanes Workers on strikes Aircarrier

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-24 @ 11:20:43 (4 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 1851 words

Reading Time: 11 minutes read

Sentences: 35 lines

Sentence Length: 53 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23220209

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