Current:Home > MarketsA Boeing strike is looking more likely. The union president expects workers to reject contract offer -ProfitPioneers Hub
A Boeing strike is looking more likely. The union president expects workers to reject contract offer
View
Date:2025-04-15 03:51:56
The risk of a strike at Boeing appears to be growing, as factory workers complain about a contract offer that their union negotiated with the giant aircraft manufacturer.
The president of the union local that represents 33,000 Boeing workers predicted that they will vote against a deal that includes 25% raises over four years and a promise that the company’s next new airplane will be built by union members in Washington state.
“The response from people is, it’s not good enough,” Jon Holden, the president of the union local, told The Seattle Times newspaper.
Members of the International Association of Machinists and Aerospace Workers in the Seattle area and machinists at other locations in Washington and California are scheduled to vote Thursday on the Boeing offer and, if they reject it, whether to go on strike beginning Friday.
Union members have gone on social media to complain about the deal. Hundreds protested during a lunch break at their plant in Everett, Washington, chanting, “Strike! Strike! Strike!” according to the Seattle Times.
Holden, who joined the union bargaining committee in unanimously endorsing the contract, told the newspaper he doesn’t believe he can secure the votes to ratify the proposed contract.
Boeing did not immediately respond when asked for comment.
Unlike strikes at airlines, which are very rare, a walkout at Boeing would not have an immediate effect on consumers. It would not result in any canceled flights. It would, however, shut down production and leave Boeing with no jets to deliver to the airlines that ordered them.
On Sunday, the company and the union local, IAM District 751, announced they had reached a tentative agreement that featured the 25% wage hike and would avoid a suspension of work on building planes, including the 737 Max and the larger 777 widebody jet.
The deal fell short of the union’s initial demand for pay raises of 40% over three years and restoration of traditional pensions that were eliminated in union concessions a decade ago. Workers would get $3,000 lump-sum payments, increased contributions to retirement accounts and the commitment about working on the next Boeing airplane.
Holden said in a message to members Monday, “We have achieved everything we could in bargaining, short of a strike. We recommended acceptance because we can’t guarantee we can achieve more in a strike.”
A strike would add to setbacks at Boeing. The company, headquartered in Arlington, Virginia, has lost $27 billion since the start of 2019 and is trying to fix huge problems in both aircraft manufacturing and its defense and space business. A new CEO has been on the job a little over a month.
Boeing shares were down 3% in afternoon trading.
veryGood! (96)
Related
- A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
- Red Sox beef up bullpen by adding RHP Lucas Sims from the Reds as trade deadline approaches
- 2024 Olympics: Colin Jost Shares Photo of Injured Foot After Surfing Event in Tahiti
- Did Katie Ledecky win? How she finished in 1500 free heat, highlights from Paris Olympics
- Report: Lauri Markkanen signs 5-year, $238 million extension with Utah Jazz
- Spirit Airlines is going upscale. In a break from its history, it will offer fares with extra perks
- Team USA to face plenty of physicality as it seeks eighth consecutive gold
- Frederick Richard next poster athlete for men's gymnastics after team bronze performance
- US appeals court rejects Nasdaq’s diversity rules for company boards
- How did Simone Biles do Tuesday? U.S. wins gold medal in team all-around final
Ranking
- Jay Kanter, veteran Hollywood producer and Marlon Brando agent, dies at 97: Reports
- Erica Ash, 'Mad TV' and 'Survivor's Remorse' star, dies at 46: Reports
- 2024 Olympics: Jordan Chiles’ Parents Have Heartwarming Reaction to Her Fall off the Balance Beam
- Atlanta pulls off stunner, get Jorge Soler back from Giants while paying entire contract
- US Open player compensation rises to a record $65 million, with singles champs getting $3.6 million
- Man who followed woman into her NYC apartment and stabbed her to death sentenced to 30 years to life
- ACOTAR TV Show Update Will Have Book Fans Feeling Thorny
- Des Moines officers kill suspect after he opened fire and critically wounded one of them, police say
Recommendation
Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
Heavy rain in northern Vermont leads to washed out roads and rescues
2024 Olympics: Jordan Chiles’ Parents Have Heartwarming Reaction to Her Fall off the Balance Beam
Look: Ravens' Derrick Henry reviews USA rugby's Ilona Maher's viral stiff arm in 2024 Paris Olympics: 'She got it'
American news website Axios laying off dozens of employees
Taylor Swift says she is ‘in shock’ after 2 children died in an attack on a UK dance class
‘TikTok, do your thing’: Why are young people scared to make first move?
Mississippi’s capital city is catching up on paying overdue bills, mayor says