Boeing factory workers strike after overwhelmingly rejecting contract
www.nbcnews.com
Workers in the Seattle area and Oregon voted 94.6% against a tentative agreement Boeing and the International Association of Machinists and Aerospace Workers unveiled Sunday.
  • TacticsConsort@yiffit.net
    26·
    2 months ago

    Remember, everyone! Despite what Boeing and headlines say, THE WORKERS WERE NOT OFFERED A 25% RAISE IN GOOD FAITH.

    The workers were offered a 25% raise over four years, which is actually four 6.25% raises year-on-year. This does not match inflation, and would also lock workers into below-inflation raises for the next three years, meaning that the deal would have been actively detrimental to the workers if they had accepted it. The company has a vested interest in presenting their bad deal as a “25% raise” for purpose of misinforming people who only have the time to read headlines and snippets.

    Stay aware of corporate bullshit! And remember, solidarity forever!

    (Feel free to steal and copy my comment onto any other posts about the Boeing strike! I don’t care about being credited I care about workers!)

    • officermike@lemmy.world
      3·
      2 months ago

      Slight pedantism, but a 6.25% raise compounded year over year would equate to a 27.44% raise after four years, inflation not considered. A 5.73% annual raise would equate to 25% after 4 years.

    • spookex@lemmy.world
      3·
      2 months ago

      The workers were offered a 25% raise over four years, which is actually four 6.25% raises year-on-year. This does not match inflation, and would also lock workers into below-inflation raises for the next three years,

      WDYM? Besides an outlier year in 2022, that is above the US average inflation rate

      2020: 1.2%

      2021: 4.7%

      2022: 8%

      2023: 4.1%

      2024 (Predicted): 3%

      Source

    • peto (he/him)@lemm.eeEnglish
      2·
      2 months ago

      As an addendum, if you think other workers are getting after deal than you, that’s a problem with your union, not theirs. Get involved, get organized, fight for what you deserve.

  • Milk_Sheikh@lemm.ee
    6·
    2 months ago

    We were hoping you rubes would just take it, there’s c-suite pay and the market to worry about

    • President and Chief Executive Officer David L. Calhoun - $32,770,519

    • CEO of Commercial Airplanes, Stanley A. Deal -  $12,200,851

    • Chief Financial Officer Brian J. West - $11,910,638

    • CEO of Global Services Stephanie F. Pope - $9,537,503

    • CEO of Defense, Space & Security Theodore Colbert III - $8,963,171

    In each case, easily 75% of their pay package is from stock options - their loyalty is to the line going up, not steady and organic growth by restoring a solid foundation to the company and investing in their (little) people.

    Especially so in parallel with the $68 billion in stock buyback Boeing leadership has done since 2010. All done to boost stock price by reducing the float - $68 billion that wasn’t spent investing in the company’s future, safety standards, quality controls, the end product, or workforce.

  • Rolando@lemmy.world
    1·
    2 months ago

    Stephanie Pope, CEO of Boeing’s commercial airplane unit, told machinists earlier this week the tentative deal was the “best contract we’ve ever presented.”

    “In past negotiations, the thinking was we should hold something back so we can ratify the contract on a second vote,” she said. “We talked about that strategy this time, but we deliberately chose a new path.”

    I don’t know anything about their contract negotiations, but if someone said this to me during negotiations of any type, my BS detector would be off the charts.