Boeing union vote down provisional agreement...a continuing strike

Unionized workers at U.S. aircraft maker Boeing, which has been on strike for more than a month, have rejected a tentative labor-management agreement that includes a 35% pay rise.

Boeing union leaders said a vote on the tentative agreement on the 23rd local time voted down 64 percent against it.

The union leadership declared that it would immediately start renegotiating the deal, saying that the company's unfair treatment of its employees has accumulated year after year.

Boeing has not yet stated its position on the results of the vote.

Boeing's 25% wage increase, which was tentatively agreed upon earlier by labor and management, was rejected due to the opposition of 95% of union members.

Boeing lost $6 billion in the third quarter of this year and recorded 8.2 trillion won in our money.

Boeing also said it should cut costs and announced plans to cut the jobs by 17,000, or 10% of its total employees.

The Boeing union strike came 16 years after the global financial crisis in 2008.