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Boeing faces the threat of a strike after over 3,200 workers in Missouri and Illinois rejected its latest contract offer on Sunday, according to the South China Morning Post. The union said the proposal failed to address worker priorities, even with a 20% pay increase over four years and additional holidays. The current contract expires Sunday night, and IAM members will strike within seven days if no new deal is reached. Boeing said it was “disappointed” and is preparing for a walkout, with no further negotiations scheduled. The potential strike follows last year’s seven-week stoppage in Seattle and comes months after Trump awarded Boeing a major U.S. Air Force contract to produce next-generation F-47 fighter jets.

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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Boeing faces the threat of a strike after over 3,200 workers of Missouri and Illinois
00:06rejected its latest contract offer on Sunday, according to the South China Morning Post.
00:10The Dean said the proposal failed to address worker priorities,
00:13even with a 20% pay increase over four years and additional holidays.
00:16Current contract expires Sunday night,
00:18and IAM members will strike within seven days if no new deal is reached.
00:22Boeing said it was disappointed and is preparing for a walkout with no further negotiation scheduled.
00:26The potential strike files last year's seven-week stoppage in Seattle
00:29comes months after Trump awarded Boeing a major U.S. Air Force contract
00:34to produce next-generation F-47 fighter jets.
00:37For all things money, visit Benzinga.com.

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