Current:Home > FinanceA Boeing strike is looking more likely. The union president expects workers to reject contract offer -CapitalCourse
A Boeing strike is looking more likely. The union president expects workers to reject contract offer
SafeX Pro View
Date:2025-04-10 08:26:20
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! (83111)
Related
- Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
- Juan Estrada vs. Jesse 'Bam' Rodriguez live: Updates, card for WBC super flyweight title
- Gathering of 10,000 hippies in forest shut down as Rainbow Family threatened with jail
- 4 killed after law enforcement pursuit ends in crash; driver suspected of DUI
- Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
- Looking forward and back as the Civil Rights Act turns 60
- Sophia Bush and Ashlyn Harris Mark the End of First Pride Month as a Couple in an Adorable Way
- US Track & Field Olympic trials live updates: Noah Lyles, Gabby Thomas win 200 finals
- 2025 'Doomsday Clock': This is how close we are to self
- How many points did Caitlin Clark score? Rookie nears triple-double in win vs. Mercury
Ranking
- What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
- Terry Dubrow and Heather Dubrow's Family Photos Are Just What the Doctor Ordered
- Hurricane Beryl, super-charged by warm seas, stuns experts
- Pac-12 Networks to go dark Sunday night after 12-year run
- Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
- US wants Boeing to plead guilty to fraud over fatal crashes, lawyers say
- Taylor Swift plays song for eighth time during acoustic set in Dublin
- 4 dead, 9 injured after a car crashes into a Long Island nail salon; driver arrested
Recommendation
Small twin
Shaboozey Shoots His Shot on an Usher Collab
4 dead, 9 injured after a car crashes into a Long Island nail salon; driver arrested
NHL draft winners, losers: Surprise pick's priceless reaction, Celine Dion highlight Day 1
Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
Japan's Kobayashi Pharmaceutical now probing 80 deaths over possible link to benikoji red yeast supplement
Mosquito bites are a pain. A doctor weighs in on how to ease the discomfort.
Boeing announces purchase of Spirit AeroSystems for $4.7 billion in stock