Boeing employees on strike turn down wage proposal
Boeing employees have cast their votes against the most recent contract proposal, which featured a 35% pay increase but failed to reinstate a pension plan. Read Full Article at RT.com
TroibNews 
A prolonged work stoppage has exacerbated the company's significant losses and halted the production of several of its best-selling aircraft.
Boeing workers have turned down the aerospace giant’s latest contract offer, prolonging a strike that has lasted nearly six weeks and put considerable pressure on the already ailing manufacturer.
According to the International Association of Machinists and Aerospace Workers, the union representing 33,000 Boeing employees across Washington, Oregon, and California, 64% of workers voted against the new contract. “We remain on strike,” IAM District 751 President Jon Holden stated after the vote results were announced. “Our members deserve more and have spoken loudly.”
This latest contract proposal included a 35% wage increase over a four-year span and the restoration of incentive bonuses; however, it did not reinstate the pension plan that many employees were seeking.
The IAM members have been on strike since September, following the rejection of Boeing's earlier offer, which included a cumulative pay raise of 25%. Workers initially demanded a 40% pay increase, citing a long-standing lag in wages against inflation while the company allocated millions for record executive bonuses.
In a statement, union leaders expressed their hope for resuming negotiations promptly, saying, “After 10 years of sacrifices, we still have ground to make up.” They also emphasized the importance of the situation, asserting, “This is workplace democracy and also clear evidence that there are consequences when a company mistreats its workers year after year.”
The strike has impacted production of the popular 737 MAX as well as the 767 and 777 wide-body models.
Earlier this month, Boeing revealed plans to cut 17,000 jobs in the coming months, which would account for nearly 10% of its workforce, as the company continues to face escalating losses.
On Wednesday, Boeing reported a third-quarter loss of $6.2 billion, primarily attributed to the ongoing strike. Just days before the vote to extend the strike, Boeing announced a delay in delivering its 777X widebody aircraft until 2026, nearly six years after the initial scheduled debut.
In recent years, Boeing has also faced increased scrutiny due to various flaws detected in its aircraft, leading to heightened safety concerns and investigations.
Anna Muller contributed to this report for TROIB News
Boeing workers have turned down the aerospace giant’s latest contract offer, prolonging a strike that has lasted nearly six weeks and put considerable pressure on the already ailing manufacturer.
According to the International Association of Machinists and Aerospace Workers, the union representing 33,000 Boeing employees across Washington, Oregon, and California, 64% of workers voted against the new contract. “We remain on strike,” IAM District 751 President Jon Holden stated after the vote results were announced. “Our members deserve more and have spoken loudly.”
This latest contract proposal included a 35% wage increase over a four-year span and the restoration of incentive bonuses; however, it did not reinstate the pension plan that many employees were seeking.
The IAM members have been on strike since September, following the rejection of Boeing's earlier offer, which included a cumulative pay raise of 25%. Workers initially demanded a 40% pay increase, citing a long-standing lag in wages against inflation while the company allocated millions for record executive bonuses.
In a statement, union leaders expressed their hope for resuming negotiations promptly, saying, “After 10 years of sacrifices, we still have ground to make up.” They also emphasized the importance of the situation, asserting, “This is workplace democracy and also clear evidence that there are consequences when a company mistreats its workers year after year.”
The strike has impacted production of the popular 737 MAX as well as the 767 and 777 wide-body models.
Earlier this month, Boeing revealed plans to cut 17,000 jobs in the coming months, which would account for nearly 10% of its workforce, as the company continues to face escalating losses.
On Wednesday, Boeing reported a third-quarter loss of $6.2 billion, primarily attributed to the ongoing strike. Just days before the vote to extend the strike, Boeing announced a delay in delivering its 777X widebody aircraft until 2026, nearly six years after the initial scheduled debut.
In recent years, Boeing has also faced increased scrutiny due to various flaws detected in its aircraft, leading to heightened safety concerns and investigations.
Anna Muller contributed to this report for TROIB News
