Reported 28 days ago
Boeing Co. is preparing for its first strike since 1996 at its St. Louis-area defense factories after union members rejected a proposed contract that included a 20% wage increase and improved retirement contributions. About 3,200 machinists are expected to walk off the job, escalating financial pressures on Boeing's defense division, which accounts for roughly 30% of the company's revenue. The union's previous strike lasted 99 days, and recent labor movements in the aerospace sector indicate a rising activist spirit among workers.
Source: YAHOO