Broadcom named strategic vendor for Walmart virtualization solutions
Investing.com-- More than 3,000 unionized workers who build Boeing’s fighter jets in St. Louis, Missouri, are set to go on strike from Monday after they rejected a modified four-year labor contract with the planemaker.
The International Association of Machinists and Aerospace Workers Union said on Sunday that talks with Boeing (NYSE:BA) had fallen through, and that workers under the union were now set to strike starting from Monday.
“3,200 IAM District 837 members at Boeing Defense in St. Louis have voted to reject the company’s latest offer and STRIKE for a fair contract,” the union said in a statement.
Sunday’s vote followed the rejection of an earlier proposal last week, which had included a 20% wage increase over four years.
Monday’s potential strike marks a second major strike for Boeing after over 33,000 West Coast factory workers shut down production for nearly two months in 2024.
The planemaker has been struggling with a slew of production delays and regulatory concerns after a series of high-profile crashes since 2018.
In June, a Boeing Dreamliner operated by Air India crashed, killing 260 people.
Last week, Boeing reported an improvement in its second-quarter revenue.