33,000 Boeing union members begin strike
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33,000 Boeing union members began a strike on September 13, 2024, after rejecting a proposed four-year contract; the strike is the first in 16 years and could halt commercial airplane production, impacting nearly 10,000 suppliers across all 50 states; the rejected contract included a 25% raise and job security for future jet production; 95% of IAM union members voted against the deal, while 96% authorized the strike; Boeing employs 150,000 in the US and contributes $79 billion annually to the economy; the company has faced significant issues, including two fatal 737 Max crashes in 2018 and 2019, leading to a 20-month grounding; Boeing has not reported a profit since 2018 and has accumulated over $33 billion in losses; the last strike lasted 57 days in 2008; union president Jon Holden emphasized the need for better job security and wages amidst rising inflation.

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