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Machinists Strike

All articles tagged with #machinists strike

business1 year ago

Boeing's 737 MAX Production Resumes, Shares Soar

Boeing has resumed production of its 737 MAX aircraft in Renton following a Machinists strike that halted operations from September to mid-November. The company plans to restart production of the 767 and 777/777X planes in Everett soon. Boeing has focused on safety, retraining employees, and ensuring tools and parts are ready for increased production. Despite the strike, Boeing delivered 13 planes in November, a drop from the previous year but an improvement from past strikes. The company is working to return to pre-strike production rates, with a backlog of 5,499 orders by the end of November.

via The Seattle Times|
#737-max#aircraft-production#boeing
business1 year ago

Boeing to Compensate Furloughed Workers Amidst Cultural Reforms

Boeing's new CEO, Kelly Ortberg, announced that the company will refund lost pay to employees furloughed during the Machinists' strike as a goodwill gesture. The furloughs, which affected nonunion employees, were part of cash conservation efforts and lasted only a month. Despite the refund, Boeing is proceeding with a 10% workforce reduction. The decision to return lost pay aims to address perceived unfairness and rebuild trust among employees.

via The Seattle Times|
#boeing#business#employee-compensation
business1 year ago

Boeing Machinists End 7-Week Strike with New Contract Approval

Boeing's machinists strike has ended after workers ratified a new union contract, which included significant concessions from Boeing. The final agreement offers a 38% wage increase over four years, a $7,000 ratification bonus plus a $5,000 401(k) contribution, and a 100% company match on the first 8% of workers' 401(k) contributions. The strike highlighted the workers' efforts to secure better pay and benefits, despite Boeing's initial resistance.

via Quartzy|
#boeing#business#machinists-strike