Boeing strike extends into sixth week after union machinists reject deal that included 35% wage hike
The strike has halted most of the company’s aircraft production, which is centered in the Seattle area.
The workers strike at Boeing continues into its sixth week after union employees at the U.S. aviation manufacturer company rejected a new labor deal late Wednesday that included a 35% wage increase over four years.
The deal was rejected by Boeing machinists, their union told CNBC.
The roughly 32,000 machinists in Oregon's Puget Sound and in other locations walked off the job Sept. 13 after rejected a tentative agreement that included a proposed raises of 25%, the news outlet also reports.
The strike has halted most of the company’s aircraft production, which is centered in the Seattle area.
Sixty-four percent of those who voted on the contract Wednesday reportedly reject it.
Boeing has reportedly warned about the consequences of the extended strike, which reported a $6 billion quarterly loss, its largest in roughly four years and that it's costing the company $1 billion a month.
The company has in recent years struggled with safety and quality issues and earlier this month announced a 10% cut in its global work force of roughly 170,000 employees, CNBC also reports.