Boeing Strike Could Drag On as Workers Push for Higher Wages, Union Leader Says

The ongoing strike at Boeing, involving more than 30,000 members of the International Association of Machinists and Aerospace Workers (IAM), “could go on for a while,” according to union leader Jon Holden. Workers are demanding larger wage increases and the restoration of a defined-benefit pension plan. The strike began on Friday after workers overwhelmingly rejected a new contract offer from Boeing, despite Holden’s endorsement.

Negotiations are set to resume next week under the supervision of federal mediators, following a resounding 94% vote against the initial contract proposal. Boeing had offered a 25% wage increase over four years and a commitment to build its next commercial jet in the Seattle area. However, workers expressed frustration over stagnant wages and rising living costs, noting that the removal of a performance bonus would effectively negate much of the proposed salary increase.

Holden emphasized that union members feel they have unprecedented leverage and are determined to continue the strike until their demands are met. “Our members are confident… so it could go on for a while,” he said in an interview with NPR.

Boeing’s stock fell 3.7% on Friday, continuing a downward trend that has seen the company’s market value shrink by $58 billion this year. With Boeing facing $60 billion in debt, a prolonged strike could have severe financial implications for the company, as well as airlines and suppliers reliant on Boeing’s jet production.