{"id":100168,"date":"2024-10-24T09:03:22","date_gmt":"2024-10-24T09:03:22","guid":{"rendered":"https:\/\/chezaspin.com\/blog\/index.php\/2024\/10\/24\/striking-boeing-workers-reject-35-pay-rise-offer\/"},"modified":"2024-10-24T09:03:22","modified_gmt":"2024-10-24T09:03:22","slug":"striking-boeing-workers-reject-35-pay-rise-offer","status":"publish","type":"post","link":"https:\/\/chezaspin.com\/blog\/striking-boeing-workers-reject-35-pay-rise-offer\/","title":{"rendered":"Striking Boeing workers reject 35% pay rise offer"},"content":{"rendered":"

Striking Boeing workers have rejected a new offer from the plane-making giant, which included a 35% pay rise over four years.<\/strong><\/p>\n

The International Association of Machinists and Aerospace Workers (IAM) union said 64% of its members voted against the proposed deal.<\/p>\n

More than 30,000 of Boeing\u2019s employees have joined the walkout, which started on 13 September, after an initial offer was rejected.<\/p>\n

Hours earlier Boeing\u2019s boss Kelly Ortberg warned that the company is at a \u201ccrossroads\u201d as losses at the firm surged to roughly $6bn (\u00a34.6bn).<\/p>\n

\u201cAfter 10 years of sacrifices, we still have ground to make up, and we\u2019re hopeful to do so by resuming negotiations promptly,\u201d union representatives said in a statement.<\/p>\n

\u201cThis is workplace democracy \u2013 and also clear evidence that there are consequences when a company mistreats its workers year after year,\u201d it added.<\/p>\n

Boeing has declined to comment on its latest offer being rejected.<\/p>\n

It is the second time that the striking workers have rejected a proposed deal in a formal vote. The previous offer was turned down last month by 95% of workers.<\/p>\n

Earlier, Mr Ortberg, who took over as chief executive in August, said he had been working \u201cfeverishly\u201d to stabilise the firm, as it worked to repair its reputation, which has been hit by manufacturing and safety concerns.<\/p>\n

\u201cThis is a big ship that will take some time to turn, but when it does, it has the capacity to be great again,\u201d he said.<\/p>\n

The latest crisis at Boeing erupted in January with a dramatic mid-air blowout of a piece of one of its passenger planes.<\/p>\n

Its space business also suffered a reputational hit after its Starliner vessel was forced to return to Earth without carrying astronauts.<\/p>\n

The strike has compounded the problems, leading to a dramatic slowdown in production.<\/p>\n

Mr Ortberg said the firm was \u201csaddled with too much debt\u201d and had disappointed customers with lapses in performance across the business.<\/p>\n

Boeing\u2019s commercial aircraft business reported operating losses of $4bn in the last three months, while its defence unit lost nearly $2.4bn.<\/p>\n

The strike \u201cis costing them $100m a day so the cash burn is really significant\u2026 This is getting to a pretty severe situation for Boeing,\u201d said Anna McDonald from Aubrey Capital Management.<\/p>\n

Mr Ortberg argued the firm was in a strong position, with a backlog of roughly 5,400 orders for its planes.<\/p>\n

But he warned investors that restar7ting the firm\u2019s factories, whenever the strike does end, will be tricky.<\/p>\n

\u201cIt\u2019s much harder to turn this on than it is to turn it off. So it\u2019s critical, absolutely critical, that we do this right,\u201d he said.<\/p>\n

\u201cWe have a detailed return-to-work plan in place and I\u2019m really looking forward to getting everybody back and getting to work on that plan.\u201d<\/p>\n

The company announced plans earlier this month to cut roughly 10% of its workforce. Thousands of other staff are already on a rolling furlough due to the strike, which has also hit suppliers.<\/p>\n

Mr Ortberg told investors that his first priority was a \u201cfundamental culture change\u201d.<\/p>\n

\u201cWe need to prevent the festering of issues and work better together to identify, fix and understand root cause,\u201d he said.<\/p>\n

Boeing\u2019s suppliers are also feeling the impact of the strike.<\/p>\n

Spirit AeroSystems, which makes plane bodies, has already announced a 21-day furlough for 700 of its workers.<\/p>\n

It has also warned it could have to layoff staff if the strike continues beyond next month.<\/p>\n

The post Striking Boeing workers reject 35% pay rise offer<\/a> first appeared on KBC<\/a>.<\/p>\n

The post Striking Boeing workers reject 35% pay rise offer<\/a> appeared first on KBC<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Striking Boeing workers have rejected a new offer from the plane-making giant, which included a 35% pay rise over four years. The International Association of Machinists and Aerospace Workers (IAM) union said 64% of its members voted against the proposed deal. More than 30,000 of Boeing\u2019s employees have joined the walkout, which started on 13 […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-100168","post","type-post","status-publish","format-standard","hentry","category-uncategorized","entry"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/posts\/100168","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/comments?post=100168"}],"version-history":[{"count":0,"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/posts\/100168\/revisions"}],"wp:attachment":[{"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/media?parent=100168"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/categories?post=100168"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/tags?post=100168"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}