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Boeing Rejects Union Counteroffer, Sparks Stock Plunge and Replacement Worker Search

Boeing Rejects Union Counteroffer, Sparks Stock Plunge and Replacement Worker Search

Author:

Global Cryptocurrency

Published:

2025-10-30 02:09:02

18

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BTCCSquare news:

Boeing's refusal of a revised labor agreement has reignited tensions with the International Association of Machinists, sending shares tumbling 4% as the aerospace giant escalates plans to hire permanent replacements. The stalemate enters its third month with no resolution in sight.

IAM District 837's proposed four-year deal—a modification of Boeing's five-year offer—was swiftly rejected. Boeing Defense CEO Steve Parker confirmed contingency measures: "We're accelerating permanent hires, which may displace strikers." Security clearance hurdles for replacements remain a operational challenge.

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