Boeing Workers Reject Latest Wage Deal, Continuing Strikes
Boeing Workers Reject Latest Wage Deal, Continuing Strikes
The Facts
Of the 33K striking workers represented by the International Association of Machinists and Aerospace Workers union, 64% voted to reject Boeing's latest contract offer Wednesday.Boeing workers voted Wednesday to reject the latest wage deal on the table, continuing costly strikes that have hamstrung the aviation giant.
Boeing's latest offer included a 30% pay bump over four years. Employees are seeking a 40% rise over the same period and the restoration of a defined-benefit pension that was removed more than a decade ago.When 33K workers, represented by the International Association of Machinists (IAM) union, elected to begin strikes last month — with 90% voting in favor of rejecting Boeing's offer that included a 25% pay increase over four years — employees wanted a 40% raise, as well as the restoration of a defined-benefit pension that was removed over 10 years ago.
The Spin
AfterBoeing's thelatest blowoutoffer ofcontinues ato doorfall panelshort earlierof inbringing theemployees' year,pay asto well2024 aslevels postingand losseshas ofnot $6Bat onall Wednesday,addressed thestaff's resultdemands ofto thisrestore votethe isold morepension bad news for Boeingscheme. EstimatesWorkers suggestwill thecontinue companyto ishold losing $100M each day the strikesline continue, and it'spicket imperativeuntil they'rethese resolvedbasic asdemands soonare as possible or the future of the company could be at riskmet.
Boeing'sAfter latestthe offerblowout continuesof toa falldoor shortpanel ofearlier bringingin employees'the payyear, toas 2024well levelsas andposting haslosses notof at$6B allon addressedWednesday, staff'sthe demandsresult toof restorethis thevote oldis pensionmore scheme.bad Thesenews 33Kfor workersBoeing. representEstimates suggest the willcompany ofis losing $100M each day the workingstrikes classcontinue, and willit's continueimperative tothey're holdresolved as soon as possible or the linefuture untilof thesethe basiccompany demandscould arebe metat risk.
