About 2,500 Boeing workers to strike after rejecting deal

→ Biden’s $374B Giveaway Into This Sector (From DTI) (Ad)

Traffic drives in view of a Boeing Co. production plant, where images of jets decorate the hangar doors on April 23, 2021, in Everett, Wash. Roughly 2,500 Boeing workers are expected to go on strike the following month at three plants in the St. Louis area after they voted Sunday, July 24, 2022, to reject a contract offer from the plane maker. (AP Photo/Elaine Thompson, File)

ST. CHARLES, Mo. (AP) — Roughly 2,500 Boeing workers are expected to go on strike next month at three plants in the St. Louis area after they voted Sunday to reject a contract offer from the plane maker.

The strike is planned to begin Aug. 1 at Boeing manufacturing facilities in St. Charles County, St. Louis County and Mascoutah, Illinois, after the International Association of Machinists and Aerospace Workers District 837 union voted down the contract, according to the St. Louis Post-Dispatch.

Get Boeing alerts:

“We cannot accept a contract that is not fair and equitable, as this company continues to make billions of dollars each year off the backs of our hardworking members,” the union said.

Boing said in a statement that the Arlington, Virginia-based company is disappointed in the vote, but it will now use its “contingency plan to support continuity of operations in the event of a strike.”

A Boeing spokesman said the company's contract offer included competitive raises and a generous retirement plan that included Boeing matching employee contributions to their retirement plan up to 10% of their pay.

Boeing is expected to give an update on its finances this week when it releases its next quarterly earnings report on Wednesday. Earlier this year, Boeing reported a $1.2 billion loss in the first quarter, but just last week the company announced that Delta Air Lines had ordered 100 of its 737 airplanes.

___

This story has been corrected to show that Boeing is based in Arlington, Virginia.

→ New crypto project uncovers 2,050% in 65 days (From InvestorPlace) (Ad)

Should you invest $1,000 in Boeing right now?

Before you consider Boeing, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Boeing wasn't on the list.

While Boeing currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 AI Stocks to Invest In: An Introduction to AI Investing For Self-Directed Investors

As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.

Get This Free Report