Leeham News and Analysis
There's more to real news than a news release.
There's more to real news than a news release.
Leeham News and Analysis
- Critical labor contract vote for Boeing, IAM 751 today September 12, 2024
- The A330neo for medium haul or twice the frequency with A321XLR? Part 2 September 12, 2024
- “Hyper focus on reliability and durability out of the gates” September 11, 2024
- A320neo replacements needs to be ~25% more efficient September 11, 2024
- Boeing IAM vote in 2 days; approval a hard sell September 10, 2024
Yes vote on Boeing-IAM deal appears likey: Seattle Times
Posted on Twitter a short time ago:
SeaTimesAeroDominic Gates
Machinists don’t love this Boeing deal. But voting yes anyway for the most part.
SeaTimesAeroDominic Gates
Talking to Machinists as they vote. Looks good for approval of the deal.
“machinists don’t love this Boeing deal but appear to be voting for it”
What is not to like about this deal that the Union recommends. Is there ever an arrangement that the members would like short of giving them full ownership?
Seems to me that this is a negotiated contract that was spontaneously worked out in the last few months and should be appreciated by all the parties. I was sorry to read that there is some reluctance and disappointment. Given the general state of the economy, it is a fortunate situation to have such a backlog with pay raises and signing bonus. Much of the country would like a similar position
The older guys facing retirement want a richer pension plan component.
A NO vote today, would not only hurt Boeing, the Unions and the US in general,
it would also set back labor/corporate relations in this country for a long time!
I am confident, therefore, that sanity will prevail and that this agreement and the
historical step forward it is, will be ratified by the IAM and allow Boeing to make
up for many serious mistakes and blunders it made over the past decade or so
and regain some of the ground lost unnecessarily to Airbus, in that time period!
For the most part, the union got a freat deal. TAKE IT!!!!
Harmonious labour relations are an imperative to stable business continuity, it’s quite reasonable to say here that the element of Boeing business lost to EADS has little to do with industrial disturbance.
Unions have a valid role of protecting their members status, however within the EADS group there involvement is more akin to supporting a growing business & not protecting a declining one.
That should be the union got a great deal.