Boeing Workers Reject Contract, Prepare to Go on Strike

Introduction
Last week, the International Association of Machinists and Aerospace Workers union members in Missouri and Illinois rejected a modified contract offered by Boeing. This rejection resulted in more than 3,000 workers preparing to go on strike, according to NPR.
Key Details
The rejected contract included changes to healthcare and retirement benefits, as well as a 3% wage increase. However, union members felt that the modifications were not enough to offset the impact of previous contract agreements. This is the latest development in a long-standing dispute between the union and Boeing. In 2020, the company announced plans to close its plant in Missouri, which would result in the loss of over 2,000 jobs. The union has been fighting to keep the plant open and preserve these jobs.
Impact
The strike is expected to have a significant impact on Boeing's operations, as the workers are responsible for manufacturing military aircraft and parts. This could potentially lead to delays in production and delivery of these critical products. Additionally, the strike could also have financial implications for the company, as it will likely result in lost revenue and increased costs to resolve the dispute.