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CNBC

More than 3,000 Boeing workers on strike after rejecting contract

CNBC · Just In
CNBC
CNBC
Just In

CNBC’s Phil LeBeau joins 'Money Movers' to discuss Boeing defense workers being on strike in St. Louis and Elon Musk's big pay package.

Breakdown
  • Over 3,000 Boeing workers in St. Louis have gone on strike. 7s
  • The workers rejected a contract offering a 20% raise and $5,000 signing bonus. 22s
  • Striking employees build key military products like the F-16 and F-18. 32s
  • Boeing's share price has only declined fractionally following the strike. 53s
  • Workers are seeking a pay increase similar to the 38% raise received by commercial division machinists. 1m 45s
ProtestsEmployment