Boeing machinists vote to end strike after 53 days
Boeing mechanical engineers voted Monday to end a strike that has hobbled the company for the past 53 days. The new contract includes a 38% pay increase over the next four years and a recognition bonus of $12,000. Boeing says the average machinist will earn $119,309 a year at the end of four years, an […]
Machinists union rejects Boeing contract offer, extending strike
Keith FitzGerald, president of FitzGerald Group, is looking at the top and bottom stocks before the market opens on Monday. Union representing 33,000 people Boeing machinists on strike rejected the company's latest contract offer on Wednesday night, extending a strike that is straining aircraft production. The International Association of Machinists and Aerospace Workers (IAM) has […]
Boeing machinists reject new contract on 41st day of strike
Striking Boeing mechanics rejected a proposed contract that would have ended a costly 41-day work stoppage. Machinists, represented by the International Association of Machinists and Aerospace Workers (IAM), rejected the deal, which included a 35% wage increase over the next four years, a $7,000 ratification bonus and improved retirement benefits. “There are consequences when companies […]
Boeing machinists to vote on contract as company faces uncertain future
Striking Boeing machinists are scheduled to vote Wednesday on a temporary labor agreement that could end a weeks-long strike, but the company's future will not be questioned. The stakes of voting are high. The strike has cost companies, shareholders and employees billions of dollars since workers were fired on September 13th. Financial strain puts additional […]
Boeing makes 'best and final' offer to machinists union in bid to end strike
Boeing raised its offer to striking factory workers on Monday, seeking to end the strike that has all but halted production for more than a week. The proposal, which the company called its “best and final” offer to the International Association of Machinists and Aerospace Workers (IAM), would raise workers' wages, reinstate annual bonuses and […]
Boeing machinists go on strike
Boeing factory workers overwhelmingly rejected a new union agreement with the company and went on strike early Friday morning. About 33,000 machinists went on strike on the West Coast just after midnight after the International Association of Machinists and Aerospace Workers (IAM) union began the walkout. 94.6 percent announced 96% of workers voted against the […]