Current:Home > StocksOliver James Montgomery-A Boeing strike is looking more likely. The union president expects workers to reject contract offer -ProgressCapital
Oliver James Montgomery-A Boeing strike is looking more likely. The union president expects workers to reject contract offer
SignalHub Quantitative Think Tank Center View
Date:2025-04-08 02:35:11
The Oliver James Montgomeryrisk 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! (9)
Related
- 'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
- Rudy Giuliani ordered to appear in court after missing deadline to turn over assets
- Colorado US House race between Rep. Caraveo and Evans comes down to Latino voters
- TGI Fridays bankruptcy: Are more locations closing? Here’s what we know so far
- Hidden Home Gems From Kohl's That Will Give Your Space a Stylish Refresh for Less
- GOP Gov. Jim Justice battles Democrat Glenn Elliott for US Senate seat from West Virginia
- Taylor Swift's Brother Austin Swift Stops Fan From Being Kicked Out of Eras Tour
- Republican Mike Kehoe faces Democrat Crystal Quade for Missouri governor
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- Charges against South Carolina women's basketball's Ashlyn Watkins dismissed
Ranking
- NCAA hands former Michigan coach Jim Harbaugh a 4-year show cause order for recruiting violations
- The Nissan Versa is the cheapest new car in America, and it just got more expensive
- Investigation into Ford engine failures ends after more than 2 years; warranties extended
- Democratic Sen. Amy Klobuchar is a heavy favorite to win 4th term against ex-NBA player Royce White
- Paris Olympics live updates: Quincy Hall wins 400m thriller; USA women's hoops in action
- Easily find friends this Halloween. Here's how to share your location: Video tutorial.
- New Hampshire’s governor’s race pits ex-Sen. Kelly Ayotte against ex-Mayor Joyce Craig
- Republican Mike Braun faces Republican-turned-Democrat Jennifer McCormick in Indiana governor’s race
Recommendation
DoorDash steps up driver ID checks after traffic safety complaints
Garth Brooks, Trisha Yearwood have discussed living in Ireland amid rape claims, he says
South Dakota is deciding whether to protect abortion rights and legalize recreational marijuana
Home Depot founder Bernard Marcus, Trump supporter and Republican megadonor, has died
US appeals court rejects Nasdaq’s diversity rules for company boards
A former Trump aide and a longtime congressman are likely to win in high-profile Georgia races
Beyoncé Channels Pamela Anderson in Surprise Music Video for Bodyguard
Control of Congress is at stake and with it a president’s agenda