Boeing will learn whether 33,000 aircraft assembly workers are going on strike and shutting down production of the company’s best-selling planes.
Boeing is preparing to learn Thursday whether 33,000 aircraft assembly workers, most of them in the Seattle area, are going on strike and shutting down production of the company's best-selling planes. Members of the International Assn. of Machinists and Aerospace Workers plan to vote on whether to approve a contract offer that includes 25% pay raises over four years.
It likely would not affect Boeing 787 Dreamliners, which are built by nonunion workers in South Carolina. TD Cowen aerospace analyst Cai von Rumohr said it is realistic based on the history of strikes at Boeing to figure that a walkout would last into mid-November, when workers' $150 weekly payments from the union's strike fund might seem low going into the holidays. A strike that long would cost Boeing up to $3.
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