Boeing Strike at Crossroads: Workers Vote on Contract Amid Financial Struggles

Boeing factory workers are voting on a new contract that could end their five-week strike, crucial for Boeing's financial health. The proposed contract includes a 35% pay hike over four years and a $7,000 bonus. The outcome depends on a majority vote, amid mixed worker sentiments.

Boeing factory workers are casting their votes today on a new contract proposition aimed at ending a strike that has lasted over five weeks. This comes at a pivotal moment for Boeing, a company grappling with mounting financial pressure.

Over 30,000 machinists halted production of Boeing's leading programs on September 13, prompting intense negotiations between the company and the union. Tensions remain high as both parties continue to trade accusations over the collapsing talks.

The vote, crucial for both Boeing and its workers, will decide whether to accept the contract offering a 35% pay increase over four years, along with other incentives. Ratings agencies warn of downgrades to 'junk' status if the impasse continues, threatening jobs within the aerospace supply chain.

(With inputs from agencies.)