Lede: The International Association of Machinists is poised to strike Boeing. Doug Cunningham has more.

By Doug Cunningham
The IAM says eighty percent of its workers rejected Boeing”s “best and final offer” and today is the deadline for the company has to get serious to settle the new contract without a strike. The union says Boeing’s offer doesn’t provide enough job security, doesn’t make enough overall improvements and still takes some things away from workers. Under a 48 hour extension granted Wednesday IAM members at Boeing were to work until today and then a strike is possible. The IAM represents roughly 27,000 Boeing workers. A strike will cost Boeing an estimated $100 million in revenue each day. Boeing has reportedly backed off an earlier demand to end traditional pensions for newly hired workers. But IAM Local 751 says that take back attempt should never have been on the table anyway. Boeing was also trying to end medical benefits for newly hired workers in retirement. The machinist union workers build Boeing planes and some key componets. Negotiations are being conducted around the clock and either a strike or a settlement could come at any time.