Boeing Workers' Strike Continues Amid Rejected Labor Agreement

Boeing shares dropped 2.7% after workers rejected a new labor agreement, continuing a strike that exacerbates the company's existing challenges. The workers rejected the offer, mainly due to the absence of a defined benefit pension plan, leading to further disruptions in Boeing's supply chain and production.

Boeing shares fell by 2.7% in U.S. premarket trading on Thursday after approximately 33,000 workers rejected a proposed labor agreement, intensifying the crisis at the American aerospace company. This development followed the company's reported $6 billion loss the previous day.

The vote saw 64% opposition against the labor proposal, which included a 35% overall wage increase over four years but did not address the pivotal demand for a defined benefit pension plan.

The rejection ensures the continuation of a strike that has persisted for over five weeks, aggravating Boeing's already strained supply chain and halting production of its popular 737 MAX jets and 777 and 767 widebody aircraft.

(With inputs from agencies.)