A 777 is joined together at Boeing’s assembly plant in Everett, Washington. [Credit: Boeing]
Key Takeaways:
Over 30,000 Boeing aerospace workers are going on strike after overwhelmingly rejecting a tentative contract deal negotiated by the International Association of Machinists (IAM).
Workers primarily rejected the contract due to dissatisfaction with the proposed 25% wage increase (which excludes current bonuses), the non-restoration of their pension plan, and lingering distrust from past negotiations.
The strike will halt aircraft and component deliveries, exacerbating Boeing's existing production backlog and limiting airlines' ability to modernize or expand their fleets, coming at a difficult time for the company.
More than 30,000 aerospace workers at Boeing will walk off the job Friday after a large majority of them rejected a tentative contract.
The International Association of Machinists and Aerospace Workers (IAM) announced the result on its website late Thursday night after vote tabulation was completed.
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Eric is the Air Cargo Market Editor at FreightWaves. An award-winning business journalist with extensive experience covering the logistics sector, Eric spent nearly two years as the Washington, D.C., correspondent for Automotive News, where he focused on regulatory and policy issues surrounding autonomous vehicles, mobility, fuel economy and safety. He has won two regional Gold Medals from the American Society of Business Publication Editors for government coverage and news analysis, and was voted best for feature writing and commentary in the Trade/Newsletter category by the D.C. Chapter of the Society of Professional Journalists. As associate editor at American Shipper Magazine for more than a decade, he wrote about trade, freight transportation and supply chains. Eric is based in Portland, Oregon. He can be reached for comments and tips at ekulisch@freightwaves.com
