This Sunday, workers at Boeing's St. Louis Defense Center rejected the company's latest contract offer, extending a 13-week strike that has slowed the production of fighter jets and other critical defense components. The International Association of Machinists and Aerospace Workers (IAM), representing around 3,200 employees, said Boeing's proposal failed to meet workers' needs and was nearly identical to one previously rejected. The union's approved counteroffer, voted on by the workers of the union, would add roughly $50 million over the next four years. Boeing's management has stated that it will not consider this offer.
Meanwhile, Boeing CEO Kelly Ortberg will make around $22 million this year, a point many people look to as the company resists higher compensation for its workforce. With manufacturing delays mounting, historically bad stock performance, and neither side backing down, the coming weeks will be crucial for the company.
