BREAKING: IAM votes to strike: Leadership, Boeing to negotiate for 48 more hours (Update5)

This is a breaking story and will be updated as more details become available.

SEATTLE — The International Association of Machinists, Boeing’s largest union, has voted to strike, rejecting Boeing’s “best and final” offer for a new three-year contract.

UPDATE 9:51 PM: IAM leadership has agreed to return to the bargaining table with Boeing to continue to negotiate a contract with a NRLB Federal Mediation & Conciliation Service appointed mediator in exchange for a 48-hour hold in the commencement of any strike. IAM members present angrily reacted and indicated that the 87% vote in favor of a strike and 80% rejection of the contract should stand initiating a strike at 12:01 AM. Currently, no strike is authorized.

UPDATE 9:45 PM: IAM leadership indicates Boeing is ready to return to the table, in exchange for 48 hour delay in strike. Union members present react with expletives, mostly of the four-letter variant.

UPDATE 9:41 PM: IAM votes 87% in favor of a strike. 80% reject contract. Jetliner production halts at 12:01 AM.

UPDATE 9:39 PM: “The Final Countdown” blares as Union Leadership enters the press conference hall.

IAM: “You don’t tell us what our members want, we tell you what our members want.”

UPDATE 9:27 PM:
Official confirmation of a tally is not yet available.

This will be the first time the IAM has voted in favor of a strike in back-to-back contract negotiations. The union’s 2005 strike lasted for 28 days.

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This post originally appeared at Flightglobal.com from 2007 to 2012.