Boeing Machinists Reject New Contract, Prolonging Five-Week Strike Amid Stalled Negotiations

Boeing's machinists have rejected a proposed labor contract, extending a strike that has now lasted over five weeks. The union, representing around 33,000 workers, turned down a deal that included a 35% wage increase over four years, a $7,000 signing bonus, and enhanced 401(k) retirement contributions. However, the offer did not reinstate defined pension benefits, a significant sticking point for many union members.

The strike, which began on September 13, has disrupted the production of key Boeing models, including the 737 MAX, and delayed the debut of the 777X. Boeing's financial position has been strained by the ongoing strike, leading to supply chain disruptions and furloughs for some of its suppliers. Both sides remain locked in negotiations, with no clear resolution in sight after this latest setback.

The machinists had previously rejected a deal with a 25% pay raise, pushing Boeing to offer more, but this latest rejection underscores the deep dissatisfaction among the workers. This prolonged work stoppage continues to pressure Boeing's operations, while both the company and union seek a way forward in this high-stakes dispute.