Boeing Braces for Potential Strike: Workers Set to Vote on Tentative Deal

Boeing factory workers in the Pacific Northwest will vote on Thursday to decide whether to strike, following dissatisfaction with a tentative labor agreement. The workers are seeking higher wage increases and other benefits. A strike could significantly impact Boeing's production and financial performance.

As tensions escalate, Boeing faces the possibility of a worker strike this Friday if a majority of its factory employees in the Pacific Northwest vote against the tentative labor deal.

About 30,000 workers, responsible for producing Boeing's 737 MAX, 767, and 777 jets, will cast their votes on their first full contract in 16 years. Union negotiators have acknowledged widespread anger among workers who are demanding larger wage hikes and additional improvements.

If a strike ensues, Boeing could see a significant financial impact, potentially losing an estimated $3 billion to $3.5 billion in cash flow over 50 days. The labor negotiations are seen as a crucial test for new Boeing CEO Kelly Ortberg.

(With inputs from agencies.)