Boeing's 737 MAX troubles are nothing compared to the high-stakes labor confrontation they're about to face in 2024.
Let's put it this way, the International Association of Machinists union has already booked T-Mobile Park in Seattle for their July 17 "prepare to strike" rally, where they will vote on whether to strike.
Emboldened by union successes in 2023 (Hollywood writers, UPS, health care workers, and United Auto Workers), the IAM expects to demand
* wage hikes of 40% over 4 years
* reinstatement of the defined benefit pension plan lost in 2013
* an end to mandatory weekend overtime
* commitment from Boeing to build its next new jet in the Puget Sound region (Boeing routinely uses the threat to take business elsewhere to extract labor concessions)
Ouch. That's gonna leave a mark.
Boeing stock took a bruising today, plummeting -8% on news that loose bolts caused a 737 MAX door to blow off mid-flight last Friday.
Last year Boeing executives repeatedly told investors that by late 2025 or early 2026 "Boeing's business will have recovered from its current loss-making depths to something approaching normal." Note that they were referring to losses from the PREVIOUS 737 MAX groundings.
Sucks to be a Boeing exec right now. Go labor!
#Solidarity #Boeing #Boeing737 #Boeing737MAX #UnionStrong #Union #Labor #USPol #USPolitics
https://www.aviationpros.com/aircraft/commercial-airline/news/53077437/as-boeing-machinists-contract-talks-near-union-savors-new-labor-power
Shannon Skinner (she/her) /
npub18u…093wf
2024-01-09 00:24:51
Author Public Key
npub18udnqdmkuvef4wqkepxx0mkf9uu78h25r0tqxrl4xzdq2hlv98ks6093wfPublished at
2024-01-09 00:24:51Event JSON
{
"id": "47f91fdb731d468afaa916465cb46387bf85e6939299afd9bb86c45906d662af",
"pubkey": "3f1b303776e3329ab816c84c67eec92f39e3dd541bd6030ff5309a055fec29ed",
"created_at": 1704756291,
"kind": 1,
"tags": [
[
"t",
"solidarity"
],
[
"t",
"Boeing"
],
[
"t",
"Boeing737"
],
[
"t",
"Boeing737Max"
],
[
"t",
"UnionStrong"
],
[
"t",
"union"
],
[
"t",
"labor"
],
[
"t",
"uspol"
],
[
"t",
"uspolitics"
],
[
"proxy",
"https://c.im/users/shansterable/statuses/111722908307741378",
"activitypub"
]
],
"content": "Boeing's 737 MAX troubles are nothing compared to the high-stakes labor confrontation they're about to face in 2024. \n\nLet's put it this way, the International Association of Machinists union has already booked T-Mobile Park in Seattle for their July 17 \"prepare to strike\" rally, where they will vote on whether to strike. \n\nEmboldened by union successes in 2023 (Hollywood writers, UPS, health care workers, and United Auto Workers), the IAM expects to demand \n* wage hikes of 40% over 4 years\n* reinstatement of the defined benefit pension plan lost in 2013\n* an end to mandatory weekend overtime\n* commitment from Boeing to build its next new jet in the Puget Sound region (Boeing routinely uses the threat to take business elsewhere to extract labor concessions)\n\nOuch. That's gonna leave a mark. \n\nBoeing stock took a bruising today, plummeting -8% on news that loose bolts caused a 737 MAX door to blow off mid-flight last Friday. \n\nLast year Boeing executives repeatedly told investors that by late 2025 or early 2026 \"Boeing's business will have recovered from its current loss-making depths to something approaching normal.\" Note that they were referring to losses from the PREVIOUS 737 MAX groundings. \n\nSucks to be a Boeing exec right now. Go labor!\n\n#Solidarity #Boeing #Boeing737 #Boeing737MAX #UnionStrong #Union #Labor #USPol #USPolitics \n\nhttps://www.aviationpros.com/aircraft/commercial-airline/news/53077437/as-boeing-machinists-contract-talks-near-union-savors-new-labor-power",
"sig": "59486dfd3b651cfba5d6a7ad4345d78b19b43e487a87120aaf12bfeea5dec1aeb362bfd774b17e314510fd613c907e899850e28bc1c1268f3f6b9333ccf73eab"
}