33,000 Boeing Workers Begin to Strike After Rejecting a 25% Pay Hike
Around 33,000 Boeing union members began striking on Friday after overwhelmingly rejecting a four-year contract with the aircraft manufacturer. This is the first time Boeing members have gone on strike in 16 years. The strike will stop commercial plane production and lead to further problems for an already troubled manufacturing giant. Also Read: Standard Chartered Predicts the Future of Bitcoin (BTC) Boeing Workers’ Strike: Key Details and Implications Source: Investopedia Union Members Reject 25% Pay Hike The company has around 150,000 US employees, and 33,000 of them have been on strike since midnight. The Boeing workers on strike represent the International Association of Machinists and Aerospace expressed their dissatisfaction over a pay hike. After much negotiations, the aircraft giant proposed a 25% pay hike with increased job security for union members. Overwhelming Rejection of the Proposal However, the deal was rejected by a landslide, as 94.6% of the union members voted agai...