Boeing Workers Strike: Could It Last?

A strike by Boeing workers, aiming for bigger wage increases and an improved pension, began after rejecting a new contract. Union leader Jon Holden suggests the strike could last a while. Over 30,000 union members are involved. The strike's length could impact Boeing's finances and the broader airline industry.

A strike at Boeing "could go on for a while" as workers push for bigger wage increases and an improved pension, union leader Jon Holden revealed in a Saturday interview with National Public Radio (NPR).

More than 30,000 members of the International Association of Machinists and Aerospace Workers (IAM) began their strike after rejecting a new contract. Boeing and union negotiators, under federal mediation, are set to return to the bargaining table next week to negotiate, following a 94% vote against the initial offer endorsed by Holden.

Holden stated that his members' priorities include wage increases and the reinstatement of a defined-benefit pension scheme lost in previous negotiations. The strike, fueled by grievances over stagnant wages and rising living costs, could impact Boeing's finances and the broader airline industry if prolonged.

(With inputs from agencies.)