2024 is just not Boeing’s year. Between engineering mishaps and government investigations, the last thing the planemaker needs right now is more bad press…
But with Boeing’s first strike since 2008 showing no signs of ending soon, another wrench is being thrown into the company’s plans.
What Caused The Boeing Strike?
Since September 13th, workers have been on strike and on the picket line…
AND BOEING HAS BEEN BLEEDING MONEY.
This is Boeing’s first major strike since 2008 and the stakes are higher than ever. This strike is another stroke of bad luck in a year that will go down as one of the worst in company history.
Not only has this strike stopped all plane manufacturing…
But it has also plunged Boeing even deeper into debt.
33,000 workers represented by the International Association of Machinists and Aerospace Workers are demanding that Boeing provide a raise of 40%…
And better healthcare and retirement benefits. More specifically, they want pension plans to be brought back.
Originally, Boeing provided the union with a contract that would give workers a 25% raise…
And the planemaker committed to building its next planes in the Pacific Northwest, where this union is located.
But workers almost unanimously denied that contract and voted instead to strike against Boeing.
In striking, workers feel they have the upper hand…
After all, Boeing can’t afford for the strike to go on for an extended period, and because of the company’s bad year…
They are facing pressure to resolve the strike ASAP.
How Much Is The Strike Costing The Company
As aforementioned, Boeing needs this strike to be over with…
Back in 2008, the strike lasted 50 days, losing the company hundreds of millions of dollars per day. If this strike lasts about as long…
IT WILL COST BOEING $3 BILLION
During negotiations, Boeing presented a “best and final” offer, which missed many of the union’s key demands.
The union did not put it to a vote and talks stalled. The union stated they were still open to talks with Boeing to end the strike…
But that they would have to acknowledge some of the union’s most important demands.
Every day that the Boeing strike goes on is another day the company loses millions of dollars…
As such the company faces more pressure to end the strike…
Whichever way this strike ends, one thing is for certain…
It’s not doing the plane manufacturing company any favors.
Be Great,
GCTV Staff
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