Boeing Workers Vote Again: What's Really at Stake?
Seattle, USASaturday, November 2, 2024
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More than 30, 000 Boeing workers are voting again on whether to end their seven-week strike. This vote isn't just about their paychecks; it's about the future of the company and the economy. The new deal on the table isn't much different from the one they rejected a week ago. It offers a 13% pay raise now, followed by smaller raises over four years. But it doesn't bring back the pension plan that workers lost a decade ago, which is a big sore point. Union leaders are pushing for a "yes" vote, warning that a "no" could lead to a worse deal later. Boeing, meanwhile, is losing billions and has threatened to move jobs. Both sides have a lot riding on this vote.
The strike has been costly, with estimates of $11. 6 billion in losses. It's not just Boeing that's hurting; airlines aren't getting their new planes, and suppliers are feeling the pinch too. Boeing has been struggling since the 737 Max crashes in 2019. The company's new CEO, Kelly Ortberg, wants to fix the relationship with the union and get business back on track. But with so much history and so many losses, it's not going to be easy.