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December 2, 2008 7:52:27 PM CST

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Boeing Machinists Vote to Strike; Postpone 48 Hours

Posted Sep 4, 08 7:49 AM CDT in Business 

(Newser) – Boeing's largest union voted overwhelmingly to strike last night, but agreed to extend the current contract 48 hours for a last-ditch effort at the bargaining table to avert a walkout. Federal mediators urged the delay, after 87% of the company's machinists voted to reject Boeing's offer for a new 3-year contract, reports the Wall Street Journal.

A strike could cost the company $100 million a day, as demand for fuel-efficient jetliners has Boeing plants running at full tilt. Particularly at risk would be delivery of the 787 Dreamliner, already almost 2 years behind schedule; 900 of the groundbreaking jetliners have been ordered.

Source Wall Street Journal

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Boeing workers, including Jackie Vaden, center, and Debbie Anderson, right, rally in favor of a strike against the Boeing Co. Wednesday, Sept. 3, 2008, at Machinist union headquarters in Seattle   (AP Photo/Ted S. Warren)
Boeing worker Ken Finlayson prepares picket signs Wednesday, Sept. 3, 2008 at the Machinists union headquarters in Seattle.   (AP Photo/Ted S. Warren)
Boeing worker Paul Burton holds a picket sign as he yells during a rally Wednesday, Sept. 3, 2008, at Machinists union headquarters in Seattle.   (AP Photo/Ted S. Warren)
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