Boeing machinists on picket lines prepare for lengthy strike: ‘I can last as long as it takes’

Boeing is currently dealing with financial strain due to an ongoing machinist strike where workers are demanding higher pay. The strike is costing the company $50 million a day and could potentially lead to a credit downgrade. Workers are taking side jobs to make ends meet as they fight for wage increases and other improvements. The strike, involving over 30,000 workers, has halted production and is impacting Boeing’s suppliers. The company’s new CEO is working on restoring its reputation after facing various manufacturing crises. Both Boeing and the union are working to reach an agreement, but progress has been slow. The Biden administration is encouraging both parties to come to a resolution. The aviation industry is facing challenges in hiring and training workers due to the increase in air travel and demand for aircraft. Skilled technical labor is especially hard to find in the aerospace and defense sectors. To attract and retain employees, companies may need to offer competitive benefits such as pensions to stand out from competitors. This is a key strategy for ensuring a skilled workforce in a competitive industry.