Boeing Workers Strike: Will New Contract End the Stalemate?

Boeing factory workers are voting on a new contract proposal that could end their five-week strike amid deepening financial issues for the company. The contract includes a pay increase but lacks the full pension restoration desired by the union. Workers remain divided on accepting the proposal.

Boeing factory workers flocked to voting stations on Wednesday, facing a pivotal decision on a new contract proposal that could terminate a strike lasting over five weeks. This vote is critical as the financially embattled planemaker tackles significant challenges, including potential downgrades by ratings agencies.

Negotiations between Boeing and the Machinists' union have been tense and contentious, as both sides blame each other for stalled talks. The vote, closing at 5 p.m. PDT, requires a simple majority to pass, which would immediately lift the strike impacting key production lines.

The latest contract offer outlines a 35% wage increase over four years, alongside bonuses and enhanced retirement contributions. However, it falls short of workers' demands for a 40% pay raise and pension restorations, leaving the workforce divided on whether to accept or continue the strike.

(With inputs from agencies.)