The union’s rejection of the contract offer is a big blow to Boeing, which reported a $6 billion quarterly loss on Wednesday.
Topline
Boeing’s striking factory workers voted to reject the company’s latest contract on Wednesday night and extend their work stoppage—which began six weeks ago—in a major blow to the plane maker, which reported a $6 billion quarterly loss on Wednesday.Key Facts
The International Association of Machinists and Aerospace Workers (IAM)—the union representing the striking workers—said Boeing’s latest offer was rejected by 64% of its members who voted on it.
