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Boeing Faces Potential Strike Amid Labor Negotiations with IAM 🌀New Boeing CEO, Kelly Ortberg, is immediately confronted with a potential strike by the International Association of Machinists (IAM), representing 33,000 workers. 🌀IAM demands include a 40% wage increase, better healthcare cost-sharing, improved retirement benefits, and a commitment to build the next aircraft in Seattle. 🌀A strike could severely impact Boeing's production goals, particularly the Boeing 737, threatening profitability and the supply chain. 🌀The IAM is in a strong position due to recent union victories in other industries and worker shortages in aerospace. 🌀A prolonged strike could hinder Boeing's recovery, but a satisfied workforce may help boost production rates and competitiveness against Airbus. Source - Forbes - Aug 31, 2024 - https://lnkd.in/gaXPKidt Please like, follow, comment, share... #PoynterSpiritSale

Roughly 30,000 IAM members at Boeing's  U.S. walked off the job early on Friday after overwhelmingly rejecting a contract deal, halting production of the planemaker's strongest-selling jet as it wrestles with severe output delays and heavy debt. Although IAM leadership recommended last Sunday that its members accept the contract, many workers had responded angrily, arguing for the original demand and lamenting the loss of an annual bonus. 📰 Reuters - Boeing's US factory workers strike, halting 737 MAX production: https://lnkd.in/e7ECw-ru 🎙️ The U.S. Manufacturing Workforce Podcast Via Labor Relations Radio - Bonus Episode: Preparing for Strikes: https://lnkd.in/eb2zQgPS #Boeing #Strike #Manufacturing #LaborRelations

Breaking News: Boeing Workers Walk Off the Job, Halting Key Jet Production! ✈️💥 Boeing Union Goes on Strike, Halting 737 Production ✈️🔧 Thousands of Boeing machinists have walked off the job, rejecting a contract offering a 25% wage increase. This strike deals a major blow to the aerospace giant, halting production on key jets like the 737, 777, and 767 at a time when the company is already struggling financially. 💥 The union's decision comes after 96% of its members voted for the strike, citing wage stagnation and rising living costs. With Boeing bleeding cash following recent issues, this strike could further worsen airline jet shortages and disrupt the industry’s fragile supply chain. 📉 The machinists’ union seeks to return to the negotiating table, with members calling for a more significant pay increase and better job security. Stay tuned as the impact of this walkout continues to unfold! 💼👷♂️ #Boeing #Aerospace #Economy #Strike #Labor

Boeing has agreed to increase wages by 25% for its largest union in a four-year pact aimed at preventing a strike. The current contract expires on Thursday. The 33,000 members of the union, who build Boeing’s bestselling 737 MAX and other jets, will vote this week and could still opt to reject it and walk out. Union leadership Sunday recommended that members vote in favor of the deal. If members reject the contract and two-thirds vote to strike, workers would walk out at midnight on Friday. 📰 The Wall Street Journal: https://lnkd.in/eqWAiajR 🎙️ 𝐋𝐚𝐛𝐨𝐫 𝐑𝐞𝐥𝐚𝐭𝐢𝐨𝐧𝐬 𝐑𝐚𝐝𝐢𝐨 & The U.S. Manufacturing Workforce Podcast: Preparing for Strikes: https://lnkd.in/eb2zQgPS

Big news: Boeing workers just voted overwhelmingly to authorize a strike. 32,000 workers just walked out of the Aerospace giant, after rejecting the company’s offer. More Perfect Union spoke with Boeing workers in July about what’s gone wrong with the company. Watch our report and send a message to Boeing’s CEO to give Boeing workers a fair contract! Image: Boeing Worker Text: "Boeing Workers Break Silence".....Here’s the bottom line: Boeing workers are fighting to fix a fundamentally broken company. The workers are establishing the path back to caring -- forcing the company to invest in basic things like safety, engineering, and quality control. Instead, Boeing’s management has poured millions into executive salaries and billions into stock buybacks, while their airplanes suffer catastrophic failures and their spacecraft literally stranded astronauts in space. Boeing ascended to the top of the American aerospace industry by putting engineering first. Today’s workers are fighting to restore that company and ensure that Boeing has a future.

Boeing may have avoided another crisis by reaching an agreement with the Machinists union on a 25% raise, and avoiding a strike. The deal represents Boeing’s biggest pay raise for union members and includes job security for union members. Boeing's ongoing problems meant the union had the upper hand. Boeing has faced significant challenges in recent years. In 2019 and 2020, the company's 737 Max, its most popular aircraft, was grounded worldwide following two fatal crashes caused by design flaws. The grounding lasted for nearly 20 months. Adding to the company's troubles, a door plug fell off a 737 Max operated by Alaska Airlines shortly after takeoff. Those all resulted in the company reporting core operating losses totaling $33.3 billion since the grounding of the Max in 2019. Dealing with striking workers for the first time in nearly two decades wasn't something the company wanted to deal with. The move stabilizes its share price. Boeing's situation is a stark contrast to the financial success of other major companies, like UPS, General Motors, Ford, and Stellantis. Those companies reported record profits last year and were able to negotiate lucrative union contracts. The big raise and additional financial benefits may represent a significant expense, but it prevents at least for now Boeing's share price taking a further nosedive that would have come with a work stoppage https://lnkd.in/g-PxbfRZ #boeing #union #manufacturing #wages #workers

Latest News A strike by some 33,000 Boeing machinists has halted production of the American aerospace giant's best-selling airplanes. The workers began picketing at Boeing factories and plants in Washington, Oregon and California on Friday after rejecting a contract offer their union negotiated and endorsed. The work stoppage will not immediately impact commercial flights but could still bring significant losses for the company, which is headquartered in Arlington, Virginia, but has its roots in the Seattle area, where it makes most of its planes for airlines. Boeing is already dealing with a battered reputation and financial struggles that have piled up over recent years. Here's what to know about the potential impact of the strike and what might happen next. Will the strike affect airline flights? The strike won't affect travelers unless it lasts a very long time. The strike stops production of the 737 Max, Boeing's best-selling airliner, along with the 777 or triple-seven jet and the 767 c

In a bold move, over 30,000 Boeing workers in Seattle and Portland have gone on strike after rejecting a 25% pay increase offered by the aerospace giant. 💥 With nearly 95% of union members voting against the tentative deal, the strike underscores the deep divide between workers, union leadership, and Boeing’s management. This disruption comes at a critical time for Boeing, as it grapples with financial losses, past safety issues, and production delays. The strike impacts the production of key aircraft models like the 737 Max and could cost the company billions if a resolution isn’t found soon. 💼✈️ New CEO Kelly Ortberg faces his first major test, as he attempts to rebuild trust and steer the company through a challenging recovery phase. The workforce, meanwhile, is holding firm for better terms, demanding a 40% pay increase and stronger commitments from Boeing. With airline CEOs and the aviation industry closely watching, the future of Boeing’s production timeline and financial recovery hinges on how quickly this conflict can be resolved. 🛠️ #Boeing #StrikeAction #LaborUnions #Aerospace #Leadership #BusinessNews #Aviation #WorkforceRights #SupplyChain #thesocialTalks

 ✈️ Boeing averts strike with historic agreement! 🚀 This Sunday, Boeing reached a tentative labor agreement with its largest union, representing more than 33,000 employees, negotiating a 25% wage increase 💸. In addition, the 4-year pact includes improvements in retirement benefits and up to 12 weeks of paid parental leave 👶👨👩👧. Although the increase is below the 40% requested by the union, representatives consider it the best contract in their history 💼. This agreement also secures the construction of Boeing's next aircraft in the Puget Sound region, ensuring job security for future generations 🔧✈️. What are your thoughts on this agreement? 🤔💬 Do you think it will help Boeing recover from its recent challenges? Tell us in the comments!👇👇👇 #formaero #trainer #Boeing #Aerospace #Aeronautics #LaborAgreements #AerospaceIndustry #LaborGrowth.