Boeing's Workers Strike Continues Amid Contract Rejection

Boeing factory workers rejected a contract proposal, continuing their strike over a labor dispute. The workers demand better terms following years of dissatisfaction with negotiations, as the union aims to secure a revised contract. The situation remains unresolved, affecting production of key aircraft models.

Boeing factory employees have opted to reject a proposed contract, maintaining their strike after more than five weeks. The decision, backed by 64% of the union members, came as a surprise to both investors and the management, who had expected a resolution to the longstanding dispute.

The union's decision to push for better contractual terms highlights the simmering discontent among workers who recall disappointments from a decade-long negotiation history. The union is set to open negotiations for a new contract, possibly improving workers' conditions since the last contract in 2014, which saw an end to traditional pensions amid threats of production relocation.

With over 30,000 machinists currently on strike, production of major Boeing aircraft, including the 737 MAX, 767, and 777 models, has come to a halt. As reports of dissatisfaction circulate on various platforms, the current situation poses significant challenges for Boeing, who recently appointed a new CEO, Kelly Ortberg, tasked with driving a 'fundamental culture change' within the firm.

(With inputs from agencies.)