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News in English (USA) / 23.09.2024 / 22:00

Boeing's Labor Dispute Escalates as Strike Enters Second Week

As the strike at Boeing stretches into its second week, the company has made a 'best and final' offer to striking machinists, aiming to resolve the growing labor dispute. Despite enhancing financial proposals, including a significant wage hike and bonuses, many union members remain discontent, expressing dissatisfaction over lost pension plans and low wages. Boeing has also initiated large-scale furloughs for thousands of employees, both union and non-union, to conserve cash during the ongoing strike. Analysts warn that the strike could cost the company over $100 million in daily revenue, complicating the financial situation of the new CEO as negotiations with unions continue without meaningful progress.