"Aerospace Union Workers Prepare to Demand 40% Pay Raise Amid Boeing's Wider Problems"
Boeing faces potential labor unrest as its largest union, the International Association of Machinists and Aerospace Workers, prepares to demand a 40% pay raise over three or four years, citing a decade-old grudge over pension sacrifices and minimal raises. With the current contract set to expire in September, the union's demands come amidst a resurgent US labor movement, a scarcity of qualified aerospace workers, and pressure on Boeing to stabilize work in its factories. The company, already grappling with manufacturing problems and increased regulatory scrutiny, faces the risk of a work stoppage that could further impact its financial outlook and production goals.