Boeing Workers Strike Threatens Production Amid Financial Struggles

Boeing's U.S. West Coast factory workers will commence a strike after 96% voted in favor, halting production of key jets. The labor action comes amid ongoing output delays and significant debt issues. The strike, starting at midnight Pacific time, is the first since 2008 and could severely impact Boeing's finances.

Boeing's West Coast factory workers will strike after a decisive 96% vote, disrupting the production of its top-selling jets amid persistent output delays and increasing debt.

The strike, starting at midnight Pacific time, marks the first such action since 2008 and comes shortly after new CEO Kelly Ortberg's appointment in August.

Some 30,000 workers in Seattle and Portland rejected a new contract, pushing instead for a 40% pay rise and other benefits. The IAM union, despite recommending acceptance, saw its members demand more substantial terms.

(With inputs from agencies.)