Last week, an overwhelming majority of Boeing's some 33,000 members of the machinist union — 94.6% to be exact — rejected theThe stunning tally came even after it was called"the best contract we've negotiated" by Jon Holden, the president of the machinist union, IAM District 751.On the surface, the strike is about negotiating a better deal.
The strike has led to work stoppages at Boeing's factories in Washington state, Oregon and California. Last Friday, Boeing’s Chief Financial Officer Brian West"That's a priority, resetting that relationship. And we want to get back to table," West said at Morgan Stanley's annual Laguna Conference.Boeing's reputation has been in free fall ever since the deadly crashes of 737 Max 8 jets in 2018 and 2019, which killed 346 people.
"The frustration from the rank and file's part has only grown as they've seen and read about rising CEO pay and top level executive pay, all the while they've been sitting on pretty stagnant wages," Rosenfeld said., and its board chairman Larry Kellner will not stand for re-election, as well as the president of its commercial airplanes division, Stan Deal, will retire.
The union also agreed to modest wage increases over the next decade, which has not have kept pace with the rising cost of living, especially since the pandemic. "Boeing can’t stand the idea that those who design and build the aircraft, who are the heart and soul of the manufacturing process, have rights," IAM District 751 President Jon Holden