Boeing Strike Continues After Union Votes No

The strike at Boeing continues! Boeing machinists voted against a proposed labor deal that included a 35% wage increase over four years.

Transcript

00:00The strike at Boeing continues.

00:02Boeing Machinist voting against a proposed labor deal

00:05that included a 35 percent wage increase over four years.

00:1064 percent rejected the offer,

00:13extending a strike that has now lasted more than five weeks

00:17and has halted most of Boeing's aircraft production

00:20in the Seattle area.

00:21This adds to Boeing's turbulent financial struggles

00:25as the company recently reported a $6 billion quarterly loss

00:29and warned that it will continue to burn cash through 2025.