Boeing Machinists Vote on New Labor Contract Amid Ongoing Strike
Boeing machinists, over 32,000 strong, are set to vote on a new labor contract proposal that includes a 38% pay increase over four years, amidst ongoing strike challenges that have halted airplane manufacturing. This crucial decision could significantly impact Boeing’s future operations and financial health as workers voice their demands for fair compensation amid rising living costs in Seattle.
Boeing Workers in Washington State Consider Strike Vote
Boeing’s Washington state workers, represented by District 751 of the International Association of Machinists and Aerospace Workers, are considering a strike sanction vote as contract negotiations intensify. The union, which represents over 30,000 of Boeing’s Washington state-based employees, is gathering for a rally at T-Mobile Park in Seattle, Washington, to gauge support for a potential work stoppage before the current collective bargaining agreement expires at the end of the summer. The vote aims to show solidarity in July, urging Boeing to offer a fair contract to avoid a strike in September. Analysts link Boeing’s recent challenges to issues related to underpaid and overworked employees, with the union advocating for a 40% wage increase over three years, changes in overtime rules, and a board seat at Boeing.
Boeing offers to acquire Spirit AeroSystems in strategic move
Boeing offers to acquire Spirit AeroSystems Holdings Inc, a key supplier of the 737 aircraft, in a deal funded by stock, valued at approximately $35 per share. This strategic move has implications for the aerospace industry, with analysts closely watching the potential impact on supply chain and operations. Stakeholders and investors are eager to see how this acquisition offer could reshape industry dynamics and future collaborations.