In Seattle, Boeing factory workers organized a significant rally on Tuesday, demanding better wages as they continue to exert pressure on new CEO Kelly Ortberg to resolve a protracted strike that has deepened the company’s financial difficulties. Hundreds of workers gathered at their union’s headquarters, chanting phrases like “Pension! Pension! Pension!” and “One day longer, one day stronger!” to express their determination.
Outside the venue, workers expressed their resilience against the recent announcement of 17,000 job cuts, asserting that these actions would not deter their fight for increased wages and improved pensions. Leading Congressional Democrats from Washington state have also weighed in, urging both parties to reach a fair agreement that recognizes the vital contributions of the workforce.
https://www.cpmrevenuegate.com/vt6hstxc?key=785582df3563a5011d6a42a72f53041e
Senator Maria Cantwell, along with Senator Patty Murray and Representatives Adam Smith and Rick Larsen, publicly addressed the need for a deal that adequately compensates the workers for their indispensable efforts in support of the company. The striking workforce, which numbers around 33,000 and is primarily based in Washington state, has been on strike since September 13, advocating for a substantial 40% wage increase spread over four years. This strike has halted production of Boeing’s popular 737 MAX as well as the 767 and 777 widebody models.
Matthew Wright, an electrician who works on the 767, articulated the unity and strength of the workers, emphasizing that management’s attempts to intimidate them would not succeed. He stated, “We want Boeing management to know that we’re strong and united, and their scare tactics aren’t going to work. We’re not afraid of them.”
This show of solidarity coincides with Boeing’s efforts to improve its financial standing in the market. The company recently announced plans to raise up to $25 billion through stock and debt offerings over the next three years and secured a $10 billion credit agreement, resulting in a 2.3% increase in its stock price on Tuesday.
The International Association of Machinists and Aerospace Workers (IAM) and Boeing leadership are currently engaged in a contentious blame game over the ongoing strike, with both sides accusing each other of unfair labor practices during negotiations. Last week, Boeing retracted its latest proposal, which offered a 30% wage increase over four years, after talks, which included federal mediators, fell apart.
https://www.cpmrevenuegate.com/vt6hstxc?key=785582df3563a5011d6a42a72f53041e
In an effort to break the deadlock, Acting U.S. Labor Secretary Julie Su met with both Boeing and the IAM in Seattle on Monday, marking her first in-person involvement in the negotiations.
U.S. Representative Pramila Jayapal, representing a district that includes downtown Seattle, addressed the enthusiastic crowd at the rally, urging Ortberg to resolve the strike and provide workers with a fair contract. She highlighted the opportunity for the CEO to positively influence the situation and enable the workforce to return to their jobs, emphasizing the importance of maintaining Boeing’s reputation as a leading manufacturer of quality aircraft.
During the rally, IAM members displayed signs stating messages such as “No Pension, No Wrenching” and “Kelly Ortberg, Pay it Forward.” Local IAM leader Jon Holden, who is spearheading the wage discussions for the union, called on Ortberg to personally participate in the negotiations. He emphasized the urgency of the situation, stating, “As the pressure mounts, as losses grow, it’s time he brought himself to the table to do the hard work.”
https://www.cpmrevenuegate.com/vt6hstxc?key=785582df3563a5011d6a42a72f53041e
In mid-November, Boeing plans to issue 60-day layoff notices to affected employees, with a second phase of layoffs anticipated in December if necessary. The company has chosen not to solicit voluntary departures to conserve severance funds and retain skilled workers. A spokesperson for Boeing noted that the job cuts would impact both union and non-union employees, although those currently on strike are not included in this round of layoffs. Some positions in Boeing’s defense unit, which has been financially struggling, are also expected to be affected.
Since a door panel detached from a nearly new 737 MAX jet during flight in January, Boeing has faced increased scrutiny from both investors and regulators. As a result, the company’s stock has plummeted by over 40% in that time, highlighting the challenges the manufacturer is currently navigating amidst the strike and its broader financial difficulties.