Why are Boeing’s workers going on strike?

Why are Boeing’s workers going on strike? For the first time in 16 years, Boeing employees went on strike. The duration of the strike is unknown, and the reason for it is the employees’ disagreement with the company’s management proposals. What are the walkout’s implications? The walkout affects some 33,000 workers predominantly from the Seattle and Portland areas that assemble Boeing’s best-selling aircraft: 737 MAX, 767, and 777 jets. The strike could cost Boeing $1 billion per week, according to US media-cited analysts. Halted commercial airplane production at Boeing would likely affect nearly 10,000 Boeing suppliers in all US states and delay deliveries of new planes to airlines. The previous 52-day strike by Boeing workers in 2008 racked up revenue losses of around $1.5 billion a month, according to Moody’s. What is behind the walkout? The tentative deal reached between Boeing and the International Association of Machinists and Aerospace Workers (IAM) would have raised pay... Source: Geopolitics Live