Boeing workers vote overwhelmingly to strike, in defeat for troubled company

[william]

Some 96 percent of members of the International Association of Machinists and Aerospace Workers District 751 voted in favor of the strike — far more than the two-thirds needed to launch the work stoppage. The walkout is a stinging rebuke for Boeing and could represent the most disrupting challenge yet for a company that has spent much of this year in damage control as it careened from crisis to crisis.

MSN

 

[william]

Boeing strike could drag on as workers push for higher wages, union leader says​

SEATTLE, Sept 14 (Reuters) - A strike at Boeing "could go on for a while" as workers are confident they can get bigger wage increases and an improved pension, union leader Jon Holden said in an interview with National Public Radio (NPR) on Saturday.

Holden said the priorities for his members were a bigger wage increase and the restoration of a defined-benefit pension scheme that the IAM lost during a previous round of negotiations with Boeing a decade ago.

The initial deal included a 25% pay rise spread over four years and a commitment by Boeing to build its next commercial jet in the Seattle region, if the plane program was launched within the four-year period of the contract. Union members, venting frustration at years of stagnant wages and rising living costs, said removal of a performance bonus in the Boeing offer would erode half of the headline salary increase.

Boeing's stock fell 3.7% on Friday. It has tumbled almost 40% so far this year, slashing the company's market value by roughly $58 billion
A long strike could further damage Boeing's finances, already groaning due to a $60 billion debt pile.

https://www.reuters.com/business/aerospace-defense/boeing-strike-could-drag-workers-push-higher-wages-union-leader-says-2024-09-14/

 

[justwiseenough]

Boeing has had it's share of bad decisions, the last few years. I hope the board sees this as a major wake up call and gets it's cranium out of it's rear orifice.