Boeing workers continue to strike, rejecting the company's latest contract proposal after six weeks on the picket lines. Sixty-four percent of the members of the International Association of Machinists and Aerospace Workers who voted opposed the offer. This labor action has halted production of Boeing's jetliners. Union leaders aim for renewed negotiations. Boeing faces federal investigations related to safety incidents and reported a third-quarter loss exceeding six billion dollars. The rejected contract proposed a thirty-five percent pay raise over four years, while workers initially sought a forty percent raise over three years. Concerns remain over the absence of a pension plan and rising healthcare costs. Boeing's newly appointed CEO, Kelly Ortberg, acknowledges the need for cultural changes within the company. Boeing has not turned a profit since 2018 and is under pressure to improve safety and production amidst financial challenges.
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