Analysts, credit agencies weigh in on Boeing strike

With Boeing factory workers rejecting a pay offer from the OEM and opting instead for strike action, Boeing may move closer to the workers’ initial demands, an analyst said. Some 96% of Seattle-based workers voted in favour of strike action, walking out early morning on September 13, 2024. An unlucky Friday the 13th indeed for the OEM, which had originally offered a 25% wage increase over a four year contract, with an immediate 11% pay increase. Some 94.6% of members rejected the pay offer. The 33,000 workers – represented by the International Association of Machinists (IAM) District 751 & W24