Thousands of Boeing machinists have walked off the job, halting production of some of the company’s most popular aircraft. The workers rejected a contract offer and are seeking higher pay and improved benefits.
An International Aerospace Machinists union member holds a sign encouraging a strike as fellow union members negotiate a contract offer with airplane maker Boeing , on Thursday, Sept. 12, 2024, in Renton, Wash.
The strike stops production of the 737 Max, Boeing's best-selling airliner, along with the 777 or "triple-seven" jet and the 767 cargo plane at factories in Renton and Everett, Washington, near Seattle. It will probably not affect Boeing 787 Dreamliners, which are built by nonunion workers in South Carolina.
A strike that long would cost Boeing up to $3.5 billion in cash flow, as the company gets about 60% of the sale price when it delivers a plane to the buyer, von Rumohr added. The eight-week strike in 2008 cost the company about $100 million daily in deferred revenue.They are skilled workers that Boeing can't readily replace.
"They went 10 years without getting much of a raise at all — they are trying to make up for lost time," Wheaton said. He pointed to the wider backdrop of inflation and rising costs of living. "There was a lot of bad blood" from other concessions workers had to make in their last agreement, he added. "I'm glad that we passed a vote to strike because we are the leaders in the aerospace industry. And I think that we deserve better," Jones said Friday while blowing a whistle and hoisting a strike sign on a corner outside Boeing's Renton campus. "We're fighting for decent pay because, you know, you got the Boeing heads who are making millions in bonuses. And we want fair pay.
Boeing Strike Machinists Airplane Production Contract Negotiation
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