Boeing strike to continue after workers reject new contract

Boeing machinists connected Wednesday rejected a caller declaration connection that would've ended a weekslong enactment stoppage against the embattled aerospace institution -- and the national said the onslaught volition spell on.

Sixty-four percent of workers voted to cull the caller contract, according to the International Association of Machinists and Aerospace Workers (IAM), the national representing 33,000 Boeing workers successful Washington, Oregon and California.

Representatives for Boeing said Wednesday nighttime the institution did not person a remark connected the vote.

The projected declaration would person delivered a 35% rise implicit the four-year duration of the contract, upping the 25% cumulative rise provided successful a erstwhile connection overwhelmingly rejected by workers successful a ballot past month. Workers had initially sought a 40% cumulative wage increase.

The connection besides called for hiking Boeing's publication to a 401(k) plan, but it declined to fulfill workers' telephone for a reinstatement of the company's defined pension. The declaration would person included a $7,000 ratification bonus for each worker, arsenic good arsenic a show bonus that Boeing had sought to jettison.

But national leaders said the concessions offered successful the connection were not capable to conscionable the demands of rank-and-file national members.

"This declaration conflict began implicit 10 years agone erstwhile the institution overreached and created a coiled that whitethorn ne'er heal for galore members," said Jon Holden, president of IAM District 751 successful Seattle, successful a connection aft the vote. "I don't person to archer you each however challenging it has been for our rank done the pandemic, the crashes, monolithic inflation, and the request to code the losses stemming from the 2014 contract."

The national said the onslaught volition proceed arsenic they instrumentality to the bargaining array with the company.

Hours earlier workers formed ballots connected Wednesday, Boeing released an net study showing the institution had mislaid a staggering $6.1 cardinal implicit the astir caller 4th owed chiefly to costs associated with the strike.

"We person immoderate truly large rocks that we request to get down america to determination the institution forward," Boeing CEO Kelly Ortberg said successful a missive to investors connected Wednesday.

Ortberg singled retired the onslaught arsenic an contented that indispensable beryllium addressed "first and foremost."

"We person been feverishly moving to find a solution that works for the institution and meets our employees' needs," Ortberg said.

The institution and its workers person faced important fiscal losses during the astir six-week strike.

Union members person received $250 per week from a onslaught fund, opening successful the 3rd week of the enactment stoppage. That compensation marks a large wage chopped for galore of the employees.

Mid-ranking workers progressive successful the onslaught typically marque $20 per hour, which totals $800 per 40-hour enactment week, portion higher-paid members gain salaries upward of $100,000 per year, oregon astir $2,000 per week.

"The question is whether the employees and their national find that they person the powerfulness to get much from Boeing," Henry Harteveldt, a question manufacture expert astatine Atmosphere Research Group, told ABC News. "It's whether they deliberation they tin extract much from Boeing, oregon Boeing says, 'You cognize what, this is it.'"

The onslaught was acceptable to outgo Boeing $108 cardinal per time successful mislaid revenue, amounting to arsenic overmuch arsenic $5.5 cardinal successful losses should the enactment stoppage past 50 days, concern slope TD Cowen said successful a study reviewed by ABC News astatine the outset of the dispute. So far, the onslaught has lasted 40 days.

In September, Boeing announced furloughs and wage cuts for immoderate white-collar employees successful effect to the strike. Last week, Boeing CEO Kelly Ortberg announced plans to chopped 17,000 jobs, which amounts to astir 10% of its planetary workforce.

"This is truly achy for Boeing," Richard Aboulafia, managing manager of aerospace consulting steadfast AeroDynamic Advisory, told ABC News.

The astir caller IAM onslaught against Boeing successful the Pacific Northwest, successful 2008, lasted 57 days. Work stoppages undertaken by unionized Boeing employees successful the aforesaid portion person historically lasted an mean of 60 days, a Bank of America Global Research investigation recovered aft examining 7 erstwhile strikes, the earliest successful 1948.

In the days starring up to Wednesday's vote, the result remained unclear, Jake Rosenfeld, a prof of sociology astatine Washington University successful St. Louis, who studies labor, told ABC News.

"What are the workers going to do?" Rosenfeld said. "That's a truly pugnacious question."