This Sunday, workers at Boeing's St. Louis Defense Center rejected the company's latest contract offer, extending a 13-week strike that has slowed the production of fighter jets and other critical defense components. The International Association of Machinists and Aerospace Workers (IAM), representing around 3,200 employees, said Boeing's proposal failed to meet workers' needs and was nearly identical to one previously rejected. The union's approved counteroffer, voted on by the workers of the union, would add roughly $50 million over the next four years. Boeing's management has stated that it will not consider this offer.
Meanwhile, Boeing CEO Kelly Ortberg will make around $22 million this year, a point many people look to as the company resists higher compensation for its workforce. With manufacturing delays mounting, historically bad stock performance, and neither side backing down, the coming weeks will be crucial for the company.
This is interesting. It seems as though finding a fair compromise soon would benefit not just employees, but the company’s future.
ReplyDeleteI think the workers are right to stand their ground because of the since executive pay gap. It's hard to justify denying reasonable raises to employees who actually build the products that keep the company running.
ReplyDeleteYou’re right about how important this strike is for Boeing. The workers have every reason to stand firm when the CEO makes so much and their contract barely changes. It feels like the company is risking long-term problems by not listening to the people who actually build the planes
ReplyDeleteI agree with everyone who's already commented. I think it is ridiculous that the CEO is making around $22 million this year, but are failing to meet worker's needs. I also think that the workers have the right to protest how unfair this is
ReplyDeletethis strike is very important for boeing's company and how crazy it is that the CEO makes 22 million a year while their workers needs are not being met. It will be interesting to see what come sup out of this strike and if the workers will get what they deserve.
ReplyDeleteIt’s hard not to see why workers are frustrated. After more than three months on strike, they’re asking for fair pay while the company’s top executives earn millions. The gap between what workers and leaders make just feels too wide, especially when production is already slowing down. Boeing really needs to find a way to meet its people halfway, without them, nothing gets built.
ReplyDeleteIt’s hard to ignore the contrast between the CEO's pay and the company’s refusal to raise workers’ compensation. With production delays and ongoing strikes, it seems like both sides are digging in, but something has to give soon.
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