“The union made non-negotiable demands far in excess of what can be accepted if we are to remain competitive as a business,”
My dude, you literally have no competition! Your management bankrupted them by doing the same shit there that you are doing here! You know, before you all managed to fail upwards.
If you manage to be insolvent while running one of the largest monopolies on the planet, you should get checked out by a doctor, because it takes more than either base grade stupid or base grade malicious to be able to do that.
Also, isn’t the whole reason Boeing is in hot water since they can’t build shit right the fact they tried to fuck over the unionized workforce by building another factory in the Deep South, but the shit that comes out of there is falling apart? Seems to me, they need the union, not the other way around.
Last month, Boeing announced what it called its “best and final” offer to workers, which proposed a 30% rise over four years - lower than the 40% being demanded by the union.
I vote the union should increase its demand to 50% now.
Go full Vader in the negotiations. Pretty hard to make airplanes without workers
The issue with that is at some point it’s quite literally cheaper to go out of business. Unlikely they’ll hit that but there is a $ that exists.
They’ll ask for (and probably get) a government bailout. So no reason not to run the ship into the ground!
Uhm.
That doesn’t seem like the right idea.
“Fine, you don’t like what we offer? Keep striking. See if we care!”
Really makes you wonder if they understand how money works
Pretty sure that short term stock prize windfalls is the only thing they know about. Absolutely positive that it’s the only thing they CARE about.
Well, they’re about to get a big stock price fall, just without the wind part.
If the management is so shook about financial stability, it’s time to act like the adults they pretend they are, and curb executive pay and buybacks:
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President and Chief Executive Officer David L. Calhoun - $32,770,519
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CEO of Commercial Airplanes, Stanley A. Deal - $12,200,851
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Chief Financial Officer Brian J. West - $11,910,638
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CEO of Global Services Stephanie F. Pope - $9,537,503
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CEO of Defense, Space & Security Theodore Colbert III - $8,963,171
In each case, easily 75% of their pay package is from stock options - their loyalty is to the line going up, not steady and organic growth by restoring a solid foundation to the company and investing in their (little) people.
Especially so in parallel with the $68 billion in stock buyback Boeing leadership has done since 2010. All done to boost stock price by reducing the float - $68 billion that wasn’t spent investing in the company’s future, safety standards, quality controls, the end product, or workforce.
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Surely that will make them less unhappy!
Well this is definitely a good time for Boeing to do a stock buyback for sure.
Poor wording in title. Union said, paraphrased: “non-negotiable we strike until we get a 40% pay rise” so this “offer” was never in good faith.
“If you’re not comin to my birthday party, then I’m uninviting you!”
The aviation giant accused the union of not giving its proposals serious consideration.
The union bargaining team did give the 25% deal serious consideration, workers said no so overwhelmingly, that even 30% is not nearly good enough.
Strike part 2
