Over 20,000 Boeing union machinists gathered at T-Mobile Park in Seattle to authorize a potential strike against Boeing if a new contract agreement is not reached by September. The machinists are asking Boeing for higher pay, more generous retirement benefits, including restoring a pension plan, and an end to mandatory overtime. Nearly 100% of machinists voted to authorize a strike. Machinists have not negotiated a new contract in 16 years and feel past concessions have eroded pay and benefits. A strike would significantly impact Boeing's ongoing efforts to recover from production issues and oversight following two fatal 737 MAX crashes.
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00:00It's Benzinga, and here's what's on the block.
00:03Over 20,000 Boeing Union machinists gathered at T-Mobile Park in Seattle to authorize a
00:07potential strike against Boeing if a new contract agreement is not reached by September.
00:12The machinists are asking Boeing for higher pay, more generous retirement benefits, including
00:17restoring a pension plan, and an end to mandatory overtime.
00:20Nearly 100% of machinists voted to authorize a strike.
00:24Machinists have not negotiated a new contract in 16 years and feel past concessions have
00:28eroded pay and benefits.
00:30A strike would significantly impact Boeing's ongoing efforts to recover from production
00:34issues and oversight following two fatal 737 MAX crashes.
00:38For all things money, visit Benzinga.com.