Strike Gone Wrong
- Alexangel Ventura
- Sep 13, 2024
- 1 min read
Boeing, America's most prominent manufacturer of both consumer and military aircraft, experienced its first ever experience of strikes since the 2008 Financial Crisis.
These employees, members of the International Association of Machinists and Aerospace Engineers, expressed their grievances by halting their work on midnight Friday morning.
The infuriated workers complained about poor labor conditions, a strong lack of hierarchical mobility, and low wages. Boeing has been notorious for limiting expenses to counter a years-long process of declining revenue and weakening demand for its products.
The workers protested in Boeing's largest production facility in Seattle, exhausting the company's productivity significantly.
In response to the strike, Boeing unveiled a contract to workers promising some concessions, but its 94.6% vote to reject the proposal highlighted workers' strong discontent with the company.
Subsequently, shares of Boeing fell by over 3% before the market even opened, and is expected to plummet by even more.