Deutsche Tageszeitung - Boeing workers reject contract, extend strike: union

Boeing workers reject contract, extend strike: union


Boeing workers reject contract, extend strike: union
Boeing workers reject contract, extend strike: union / Photo: © AFP/File

Boeing workers in the Seattle region decisively rejected the company's latest contract offer on Wednesday, extending the nearly six-week strike.

Change text size:

Almost two-thirds (64 percent) of the members of the International Association of Machinists and Aerospace Workers District 751 rejected the contract, the union said on X.

The latest Boeing offer had included a 35 percent wage hike, but did not reinstate a pension plan sought by many employees.

Some 33,000 hourly workers with the IAM have been on the picket lines since September 13, when workers overwhelmingly rejected a Boeing proposal for a new four-year contract to replace the expiring pact.

Workers had sought a 40 percent wage increase to make up for years of tepid salary growth that have not kept pace with inflation and that employees complain leave them unable to afford living in one of the most costly regions of the United States.

"After 10 years of sacrifices, we still have ground to make up, and we're hopeful to do so by resuming negotiations promptly," said Jon Holden, president of the Seattle union in a statement.

"This is workplace democracy –- and also clear evidence that there are consequences when a company mistreats its workers year after year," Holden said.

"Ten years of holding workers back unfortunately cannot be undone quickly or easily, but we will continue to negotiate in good faith until we have made gains that workers feel adequately make up for what the company took from them in the past," he added.

The extension of the strike adds to the troubles facing Boeing and its new CEO Kelly Ortberg, who earlier Wednesday expressed measured optimism the latest contract would be ratified.

"We have been feverishly working to find a solution that works for the company and meets our employees' needs," said Ortberg in a message to employees accompanying third-quarter results.

Boeing reported a whopping $6.2 billion loss due in part to added costs connected to the strike and to problems with its troubled defense and space business.

The embattled aviation giant has also been under regulatory scrutiny following safety problems.

(U.Stolizkaya--DTZ)

Featured

Mutual fund returns show shifting leaders across market-cap categories

Equity mutual funds are classified into different categories based on their investments across market capitalisations, primarily large-cap, mid-cap, and small-cap funds. Large-cap funds invest in well-established companies that tend to be relatively less volatile, while mid-cap funds focus on medium-sized companies.

BHEL wins Adani Power projects valued at up to ₹28,000 crore

New Delhi, Nov 4 (PTI) State-owned BHEL on Wednesday said the company has received four projects, worth ranging between Rs 20,000 crore and Rs 28,000 crore, from Adani Power. The fresh orders involve supply of equipment (boiler, turbine and generator along with auxiliaries) and agreed services for the said projects, BHEL said in an exchange filing.

IndiGo holds talks with Embraer over potential order for 100 aircraft

By Abhijith Ganapavaram and Aditi Shah NEW DELHI, Nov 4 (Reuters) - India's largest ​airline IndiGo is in early-stage talks to ‌buy 100 regional jets from Embraer, ​with options for about ⁠50 more, three people with direct knowledge of the matter said, in what could ‌be one largest commercial aircraft orders placed with the Brazilian planemaker. IndiGo ‌and Embraer did not immediately respond ‌to ⁠requests for comments.

India seeks threefold increase in coal stocks to prevent summer power shortages

India has asked coal miners and railways to help triple stockpiles at power stations before next summer, an ambitious target aimed at averting shortages that could also raise tensions with other users of the fossil fuel. The coal, power and railways ministries jointly set a goal to boost inventories at the plants from current levels near 18 million tons to at least 55 million by the end of the fiscal year in March, as reported by people familiar with the matter.

Change text size: