All articles tagged with #defense workers
Defense workers at Boeing's St. Louis plant voted against the company's latest contract offer and remain on strike, citing insufficient signing bonuses and benefits. The union demands a more meaningful offer, with the strike affecting the assembly of F-15 jets and missile systems. Despite the strike, Boeing's stock is up 22% this year and has a strong buy consensus among analysts, with a target price suggesting a 21% upside.
Boeing has reached a tentative five-year labor agreement with striking defense workers, primarily in Missouri, who have been on strike since August over wages and signing bonuses. The union members will vote on the deal this Friday, with details yet to be disclosed. The strike, the first in nearly 30 years, involved over 3,000 workers assembling F-15 fighter jets and missile systems, and follows a previous strike by commercial aircraft unionized workers.
Over 3,200 Boeing defense workers went on strike after rejecting a contract offer that included a 20% wage increase, a $5,000 bonus, and other benefits, citing the need for a contract that better reflects their skills and contributions.