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Boeing Machinists Reject Labor Deal

Boeing machinists have rejected a new labor agreement offering a 35% wage increase over four years, prolonging a strike that has halted much of the company’s aircraft production for over five weeks. The rejection, backed by 64% of voters, underscores ongoing tensions between Boeing and its machinists, many of whom are pushing for the reinstatement of pensions cut in previous contracts. The strike, which is costing Boeing about $1 billion per month, comes as the company struggles with a $6 billion quarterly loss and continued cash burn. CEO Kelly Ortberg has prioritized resolving the dispute to stabilize Boeing, which also faces the challenge of maintaining its investment-grade credit rating amid the financial strain.

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How indispensable do you believe yourself to be?

If you work for a company—are you indispensable, or are you easily replaceable? How hard would it be for your employer to find someone that can do what you can do, but for less?

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