Boeing workers are striking for the first time since 2008. The walkout could cost the embattled planemaker billions in lost revenue if it drags on for months.
24/7 Wall St. Insights Boeing Co. (NYSE: BA) shares have sold off because of a new worker strike.
Thousands of workers will down tools on Friday.
Thousands of Boeing factory workers in the United States overwhelmingly voted on Thursday to strike, spurning a contract that the embattled aviation giant characterized as a boon for manufacturing staff given the company's stressed financial condition.
Boeing Co (NYSE:BA, ETR:BCO) workers have overwhelmingly rejected a 25% pay increase from the manufacturer, prompting thousands to walk out on strike overnight. Some 30,000 Boeing workers in the Seattle and Portland area, where the firm's 777 and 737 MAX aircraft are produced, walked out at midnight local time.
In its first major labour strike since 2008, thousands of Boeing's US West Coast factory workers will walk off the job after 96% of them voted in favour of a strike following growing dissatisfaction over pay and benefits in Boeing's latest contract offer.
Boeing factory workers will walk off the job Friday after members overwhelmingly voted in favor of a strike.
Boeing said late on Thursday it was ready to get back to negotiations to reach a new agreement after its U.S. West Coast factory workers voted down a tentative contract deal and said they would go on strike.
Thousands of Boeing's unionized factory workers voted to go on strike Thursday night, dealing a major blow to the plane maker which is already facing intense scrutiny over the safety of its aircraft.
Roughly 30,000 workers who produce Boeing's 737 MAX, and other jets in the Seattle and Portland areas were voting on their first full contract in 16 years.
Over 30,000 Boeing workers plan to strike after rejecting a new labor contract. The strike would halt most of Boeing's production in Washington and Oregon.
Thousands of workers who build commercial planes in the Seattle and Portland, Ore., areas voted down an accord recommended by union leaders.