Posted on 09/06/2024 6:23:31 PM PDT by Salman
Boeing Co. is seeking to avert a crippling strike by its largest labor union as the clock runs out on the existing accord.
Negotiations between the IAM District 751 union and the planemaker are always tense. This time though, the stakes are particularly high for Boeing, which make these contract talks particularly consequential. Here’s why.
Maintaining labor peace is essential if Boeing wants to stabilize production and repair its battered finances. The aviation giant has been burning through cash, while its net debt has soared to $45 billion during five years of tumult.
The company hasn’t reported an annual profit since 2019 as it dealt with the months long global grounding of its workhorse 737 Max following two fatal crashes. ...
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(Excerpt) Read more at heraldnet.com ...
Not a great time to be hit by a strike.
The Boeing Starliner went on strike first.
The Boeing Starliner will be landing in New Mexico at midnight Eastern Time zone tonight… she is traveling as I write. If it lands safely Boeing will be breathing a big heavy breath of relief. That will be one thing out of the way of further disaster.
8. Nobody will be forgetting to fasten the door plugs.
And if it goes awry, it could be the end of Boeing.
Boeing’s black cloud just won’t leave.
That’s what happens when you let the bean counters take over.
Don’t forget the shoddy practices that the union workers displayed on the tanker program and The failed manned space capsule on top of the deaths caused by penny pinching on the MAX program.
As for the bonus now rather than product in the future, also factor in the 797 NMA cancellation. (And at the other end of the spectrum bailing on the RRJ).
Airbus made a poor deal to get the 200 series, but at least the leadership was looking beyond the next end-of-the-year bonus.
First step in a Boeing turnaround would be to mass fire two groups. 1) Anyone with an MBA from a name brand university, and 2) Anyone involved in DEI - not just the employees, but any exec that had a hand in approving or setting it up.
Anyone from the Boeing board reading this, feel free to hire me as a consultant. $200k a year (paid in advance) and 200,000 shares of Boeing stock so I’ll have some skin in the game.
“And if it goes awry, it could be the end of Boeing.”
As though space operations has anything to do with Boeing commercial airplane division.
Exactly. Curses on McDonnell Douglas.
Tom Hagen: You’ve got some labor trouble coming up. My client promises to make that trouble disappear.
BFD, I’m pretty much done with Air Travel.
[except for some Hawaiian action.]
First, Boeing must (or should) know that wages have not kept up with stratospheric inflation from the catastrophic Harris/Biden hyper-inflationary economic decisions. Higer wages are a given I do suspect.
Second, and it's if I recall correctly, the union demands include a proviso stating that future airframes have to be built in Wash. This being the major reason (my guess ) for a potential strike, and the biggest item for a competent Boeing mgt to reject, outright.
My guesses, we'll see.
Perhaps the striking workers can spend the time in a refresher “Latches and Fasteners” training course...
Boeing is the perfect example of a previously successful business entity steering their ship upon the shoals of DEI and other clap trap from the left. I’m sure most of what Boeing was forced to implement was a result of doing business with the Federal Government and the vast regulatory apparatus of the innumerable agencies through which everything must pass. Boeing is an example of the “canary in the coal mine” for most large corporations dealing with an out-of-control national government.
Meanwhile, the astronauts are marooned on ISS.
8 - the skies will be safer...
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