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Boeing workers are authorized to strike, posing challenges for leadership.

Boeing workers are authorized to strike, posing challenges for leadership.

TraderKnowsTraderKnows
07-18
SummaryOn Wednesday night, Boeing's workers' union announced that it had passed a strike authorization with over 99% support, but the workers' strike is just one of Boeing's current challenges.

Boeing factory workers in Washington state voted on Wednesday night with over 99% support to authorize a strike, their union stated. This marks the first comprehensive negotiations with the aircraft manufacturer in 16 years, with workers demanding a 40% pay raise.

Earlier that day, an estimated 30,000 workers gathered at T-Mobile Park in Seattle to vote, although they cannot strike before their contract expires on September 12.

The labor negotiations at Boeing come as the American aircraft manufacturer loses ground to rival Airbus, while also dealing with a crisis. On January 5th this year, the door of an Alaska Airlines 737 MAX became dislodged in flight. Additionally, Boeing faces other challenges.

Jon Holden, president of the local branch of the International Association of Machinists and Aerospace Workers (IAM), stated that poor decisions by Boeing's leadership are threatening workers' livelihoods.

"Our jobs, our legacy, and our reputation are now in crisis," Holden said in a statement.

When asked about the vote results, Boeing referred to a statement made earlier this week, which said, "We remain confident in achieving an agreement that addresses employee needs while balancing the realities of the business."

Although this vote is seen as a procedural step, the union organized music, speeches, motorcycle parades, and signs with slogans like "No paycheck, no airplane" for the event.

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