Posts tagged IAM District 751
After West Coast contract win, machinists’ union sets sights on Boeing’s non-union South Carolina factories
December 20, 2024 // The IAM International is looking to make inroads at Boeing's non-union South Carolina factories after a contract win on the West Coast.
Striking Boeing workers boo after Democratic Sen. Maria Cantwell criticizes Trump
October 20, 2024 // She was drowned out by booing from the crowd in addition to some inaudible remarks. "My point is this," the senator began again after being unable to speak over the disruption. "Everywhere in America we need more affordable housing." "When you first hear that audio clip, it appears that they're booing whatever Donald Trump had done. The exact opposite is true," IAM 751 union member Dan Zahlman said in an interview Tuesday with "The Jason Rantz Show" on KTTH Seattle.
Boeing’s labor strike is so bad that the US Labor Secretary just flew to Seattle to help
October 16, 2024 // Analysts at Anderson Economic Group estimated that the first month of Boeing's 33,000-worker strike, which started on September 13, cost the company and workers $5 billion. The last strike, in 2008, shuttered plants for eight weeks and hit revenue by an estimated $100 million per day. In regulatory filings Tuesday, Boeing announced plans to raise up to $35 billion. That includes a $10 billion credit agreement, while it may also sell up to $25 billion of securities.
Machinists’ strike could cost Boeing $1 billion a month, estimate suggests
October 10, 2024 // Right now, Boeing is graded a BBB- on the S&P scale, meaning the company has "adequate capacity to meet financial commitments," but is "more subject to adverse economic conditions." With the strike nearing the end of its first month with no end in sight, the financial analysis company could downgrade the aerospace manufacturer to a BB rating, meaning it faces "major ongoing uncertainties to adverse business, financial and economic conditions." This would drop the company below an investment-grade rating. In a statement sent Tuesday night, Boeing COO Stephanie Pope said the strike has "deeply affected our business, our customers and our communities," but said the company remains committed to reaching an agreement with machinists that "recognizes our employees and preserves our company's future." Pope alleged that during the latest negotiations the union made demands "far in excess of what can be accepted if we are to remain competitive."
Boeing Worker Side Hustles Could Drag Strike Out for Months
September 23, 2024 // But as workers stare down the embattled manufacturer for better pay and benefits, the 33,000 members of IAM District 751 have the full benefit of a tight labor market and gig economy that provides a quick transition into jobs that help make ends meet. That gives the union bargaining leverage, potentially frustrating Boeing’s effort to swiftly end a conflict that’s costing it an estimated $100 million each day. While the battle between one of the world’s largest exporters and its blue-collar workers may look like an uneven fight on its surface, Boeing finds itself in an increasingly untenable situation with its finances so dire that it can ill afford a drawn-out paralysis.
Boeing Workers Pass Strike Vote to ‘Save Company From Itself’
July 22, 2024 // CLOSE X CONTINUE Play Unmute Current Time 0:00 / Duration 0:56 Quality Fullscreen By Hugh Cameron Live News Reporter FOLLOW 2 Members of Boeing's biggest union have voted to authorize a strike if their current contract negotiations with the aerospace company fail, compelling the company to take their demands for higher salaries and job security seriously. Over 30,000 Boeing workers from the International Association of Machinists and Aerospace Workers (IAM) met in Seattle on Wednesday to cast their vote on possible industrial action. "Thousands of Machinists from IAM District 751 who work at the Boeing Company put down their tools and silenced the factories to come together at T-Mobile Park to cast their vote," a statement shared by the International Association of Machinists read. "The message was clear – Boeing workers deserve better." The vote will compel Boeing to "bargain earnestly," according to IAM District 751 President Jon Holden. "Our jobs, our legacy and our reputation are on the line right now. We are fighting to change this company and to save it from itself." IAM strike vote International Association of Machinists and Aerospace Worker Union District 751 members drop their ballots into a ballot box during an early strike-sanction vote event at T-Mobile Park in Seattle, Washington on July 17, 2024. The... More JASON REDMOND/GETTY IMAGES The procedural vote, which the IAM said passed "by nearly 99.9%," gives the union advanced notice of its members' intention to strike, ensuring that they can receive strike benefits without delay if industrial action goes ahead. Sign up for Newsletter NEWSLETTER The Bulletin Your Morning Starts Here Begin your day with a curated outlook of top news around the world and why it matters. Enter your email address I want to receive special offers and promotions from Newsweek By clicking on SIGN ME UP, you agree to Newsweek's Terms of Use & Privacy Policy. You may unsubscribe at any time. The vote to strike will not take place until September 12, when the current negotiations between the IAM and Boeing come to a close. However, the union said that the vote serves as a "momentum builder," and sends a strong message to Boeing that "members won't accept anything less than the fair contract they deserve." Exclusively Available to Subscribers Try it now for $1 "We don't want to strike – but we're ready and willing to do so to bring home the best aerospace contract our members have ever seen," Holden said. "From our family members to the flying public, we want everyone to be proud of this company once again. We are the watchdog with a unique opportunity to make things better for all." READ MORE Boeing Concern Over Boeing's 'Influence' As Sweetheart Plea Deal Delayed FAA Must Rein in Boeing After Engine Fire: UK Government Boeing Bosses Face Marathon 20-Hour Grilling by Watchdog Boeing Workers Meet for Crunch Vote on Strikes IAM President Jon Holden International Association of Machinists and Aerospace Worker Union District 751 President Jon Holden speaks as members and supporters attend an early strike-sanction vote event at T-Mobile Park in Seattle, Washington on July 17, 2024. Holden... More JASON REDMOND/GETTY IMAGES The negotiations between Boeing and its workers began in March and are set to finish in September at the close of their current 10-year contract. The IAM is seeking a 40 percent salary increase over the next three to four years to amend "ten years of stagnant wages," as well as improved healthcare plans, "dignified" retirement plans and a greater say in their over overtime hours. However, the IAM said that job security "could tip the scales" when members cast their votes to strike on September 12. Holden previously told Newsweek that the IAM was demanding that Boeing's next airplane program be placed in the Puget Sound region, Washington.