Al Jazeera
Boeing workers ‘ready to go on strike’ if demands unmet
Economy
2008 strike shut plants for 52 days, cost estimated $100m/day; analysts estimate 50-day strike could cost Boeing $3-3.5bn in cash flow.
2024-09-13 05:50:08
Automotive
Business
Companies
Boeing Workers Prepare for Strike Over Contract Dispute
Image courtesy of : AFP (JASON REDMOND)
Boeing workers are poised to strike after rejecting a recent contract offer, underscoring deep discontent among the workforce. Nearly 33,000 factory employees, represented by the International Association of Machinists, voted overwhelmingly against a proposed 25% pay increase over four years.
The impending walkout threatens to halt operations in Boeing's Seattle area, which is critical for commercial aircraft production. The new CEO, Kelly Ortberg, has cautioned that a strike could jeopardize the company’s recovery and damage customer trust.
Workers have expressed frustration over perceived inequities, highlighting significant executive compensation and extensive stock buybacks while facing production delays and financial losses. This potential strike, the first since 2008, could have serious implications for Boeing’s operations and financial stability, with estimates suggesting significant cash flow losses if the strike extends.
Related news on that topic:
The press radar on this topic:
New York Times - Economy
Boeing Workers Vote to Strike After Rejecting Contract Deal
Economy
Finance
Politics
Boeing workers, represented by the International Association of Machinists and Aerospace Workers' District 751 and District W24, voted to strike after rejecting a contract offer; the walkout is expected to halt operations in the Seattle area, home to most of Boeing's commercial plane manufacturing, and further disrupt the company's fragile supply chain. Boeing employs almost 150,000 people across the country, nearly half in Washington State, and is one of the nation's largest exporters. Boeing's..
The Guardian
Boeing workers vote to strike after rejecting pay deal
Economy
Boeing workers in the US Pacific north-west voted 94.6% to reject a 25% 4-year pay raise, approving a strike. CEO Ortberg warned the strike would jeopardize recovery. IAM 751 union led negotiations, with workers rallying outside Boeing's Everett facility. The union sought 40% pay increase. Workers cited Boeing's $68 billion in buybacks since 2010, the outgoing CEO's 45% raise to $33 million, and the ousted former CEO's $62 million golden parachute.
World - South China Morning Post
Boeing factory workers to strike after rejecting pay contract
Economy
30,000 Boeing factory workers in the Seattle and Portland areas will strike after 96% voted to reject their first full contract in 16 years, the first strike since 2008, halting 737 Max production as the company faces delays and debt; the strike comes weeks after new CEO Kelly Ortberg was brought in following a door panel incident, and is led by IAM's largest union and negotiator Jon Holden.
Welcome!
infobud.news is an AI-driven news aggregator that simplifies global news, offering customizable feeds in all languages for tailored insights into tech, finance, politics, and more. It provides precise, relevant news updates, overcoming conventional search tool limitations. Due to the diversity of news sources, it provides precise and relevant news updates, focusing entirely on the facts without influencing opinion. Read moreExpand