Boeing Strike Threatens Recovery, Stalls 737 Max Production

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00:00Boeing CFO Brian West warned a labor strike could ground the company's recovery and stall production of

00:07737 max jets. The strike began Friday and followed the rejection of a contract offering

00:1325% wage hikes and better benefits. The union, representing

00:1833,000 employees, had sought 40% raises. This is Boeing's first strike since

00:242008 with a 30-day strike potentially costing up to 1.5 billion dollars.

00:30CEO Kelly Ortberg had urged workers not to undermine the company's future over past grievances.