Boeing machinist

Unionized factory workers at Boeing are voting on whether to accept a contract offer or to continue their strike.

The latest proposal includes a 35% general wage increase over four years — bringing it closer to the union's original ask for 40%. Boeing previously offered a 25% raise over the life of the contract.

Boeing is moving toward raising up to $25 billion to shore up its troubled financial position.

The company has been losing money for more than five years, and now it's dealing with a strike that has shut down factories in the Seattle area.

The risk of a strike at Boeing appears to be growing, as factory workers complain about a contract offer that their union negotiated with the giant aircraft manufacturer.

Boeing machinists voted to sanction a strike should the company fail to reach an agreement with their union during their first full contract negotiations in 16 years.

Speaking in Everett in the massive building where Boeing 787's are assembled, President Barack Obama praised the aerospace company for succeeding at…

Boeing machinist union members said 'Yes' by 74 percent to a new four-year contract – hammered out in secret – that will bring jobs to build the newest…