Boeing Strike Enters Third Week with $1.4 Billion in Losses

Negotiations between Boeing and the machinists' union remain deadlocked as production halts and cost-cutting measures intensify.

The strike, which began on September 13, involves over 32,000 Boeing machinists in Seattle and Portland demanding a 40% pay rise and pension restoration.
Boeing's latest offer of a 30% pay increase over four years and a performance bonus was rejected by the union, which criticized the company's public release of the offer.
The work stoppage has halted production of key aircraft models, including the 737 MAX, 767, and 777, leading to an estimated $3.5 billion in revenue losses by the end of September.
To conserve cash, Boeing has implemented measures such as leadership pay cuts, hiring freezes, and temporary furloughs for non-union employees.
Federal mediators will oversee the next round of negotiations, but both sides remain far apart on key issues, risking further financial and operational impacts.