Investi Stratix
  • Politics
  • Economy
  • Forex
  • Stock
  • Editor’s Pick
  • Politics
  • Economy
  • Forex
  • Stock
  • Editor’s Pick
No Result
View All Result
Investi Stratix
No Result
View All Result

Striking Boeing union asks CEO to ‘truly engage’ after workers’ health coverage cut

by
October 2, 2024
in Economy
0
Striking Boeing union asks CEO to ‘truly engage’ after workers’ health coverage cut

By Allison Lampert and David Shepardson

(Reuters) -Boeing’s largest union urged new CEO Kelly Ortberg on Tuesday to get more involved in contract negotiations to end a strike by around 33,000 U.S. West Coast workers, after the U.S. planemaker cut off their healthcare benefits.

In August, the former Rockwell Collins (NYSE:COL) boss took over the reins of Boeing (NYSE:BA), which has been rocked by multiple crises this year, including the strike that has hit production of Boeing’s strongest-selling 737 MAX jets.

“It’s time for the new CEO to truly engage at the proposal-based level and to take the reins from his subordinates who are fumbling critical decisions like this one,” said Brian Bryant, president of the International Association of Machinists (IAM) and Aerospace Workers, which represents the striking workers.

“There is no reason the health benefits question could not have been punted on to allow more time for negotiations at the table,” Bryant added in a statement.

The Sept. 30 limit for striking workers to access their Boeing health insurance plans was long known, with the union urging workers on Monday to find alternatives.

Talks between Boeing and the IAM’s District 751, which is negotiating the deal, broke off last week and it is not clear when discussions will resume.

“We remain committed to resetting our relationship with our represented employees and negotiating in good faith, and want to reach an agreement as soon as possible,” Boeing said in a statement.

Boeing workers in the Seattle area and Portland, Oregon, walked off the job on Sept. 13 in the union’s first strike since 2008, halting production of three commercial airplane models and adding financial strain to the planemaker.

The union is seeking a 40% pay rise and the restoration of a defined-benefit pension that was taken away in the contract a decade ago.

Boeing made an improved offer last week to the striking workers that it described as its “best and final”, which would give workers a 30% raise over four years and restore a performance bonus, but the union said a survey of its members found that was not enough.

This post appeared first on investing.com
Previous Post

Dollar firm as war widens in Middle East

Next Post

JD Vance’s mic is muted during debate exchange on immigration

Next Post
JD Vance’s mic is muted during debate exchange on immigration

JD Vance’s mic is muted during debate exchange on immigration

Subscribe to InvestiStratix.com

    Popular News

    US Cardinal Robert Prevost elected the new Pope, has taken the name Pope Leo XIV

    US Cardinal Robert Prevost elected the new Pope, has taken the name Pope Leo XIV

    May 9, 2025
    Trump may slash China tariffs to 50% as US-China trade talks heat up: report

    Trump may slash China tariffs to 50% as US-China trade talks heat up: report

    May 9, 2025
    How billionaire Caltagirone could influence Italy’s banking M&A wave

    How billionaire Caltagirone could influence Italy’s banking M&A wave

    May 9, 2025
    Mexico signals room for rate cuts as growth cools and inflation risks ease

    Mexico signals room for rate cuts as growth cools and inflation risks ease

    May 8, 2025
    US Fed holds interest rates steady, resists Trump’s pressure amid rising economic uncertainty

    US Fed holds interest rates steady, resists Trump’s pressure amid rising economic uncertainty

    May 8, 2025

    Trending News

    US Cardinal Robert Prevost elected the new Pope, has taken the name Pope Leo XIV

    US Cardinal Robert Prevost elected the new Pope, has taken the name Pope Leo XIV

    May 9, 2025
    Trump may slash China tariffs to 50% as US-China trade talks heat up: report

    Trump may slash China tariffs to 50% as US-China trade talks heat up: report

    May 9, 2025

    Popular News

    • How billionaire Caltagirone could influence Italy’s banking M&A wave
      May 9, 2025
    • How billionaire Caltagirone could influence Italy’s banking M&A wave
      May 8, 2025

    About Us

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 investistratix.com | All Rights Reserved

    No Result
    View All Result
    • Politics
    • Economy
    • Forex
    • Stock
    • Editor’s Pick

    Copyright © 2025 investistratix.com | All Rights Reserved