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OT: What's going on with Boeing?User Forum Topic
Submitted by flu on September 6, 2008 - 5:18am
I keep reading about Boeing workers threating to strike And today, I see this: http://money.cnn.com/2008/09/06/news/com... What the heck is going on? It's sort of risky in this downturn to be striking, yes/no? I mean, Boeing was on a role when EADS fubbed their delivery schedules. Now it looks like Boeing is going to have problems too. Your take?
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Same old story. When a company is doing poorly, it claims "the marketplace has changed" and wants concessions from the union.
http://community.seattletimes.nwsource.c...
But when times change and it is flush with work, it is reluctant to lean the other way and let the union share in the prosperity.
And yes, Airbus has had problems with its delivery schedule, but the Dreamliner has been postponed once already and time will tell if that gets repeated.
If you want to "share in the prosperity", buy the stock or start a rival company. Unions are as bad as what they stand against.
The unions want job security. Boeing is farming more and more of it's work out to contractors, and there is no way for the union to make sure those contractors are also union. So that is what they are striking about. The rest of it is most likey just posturing.
If I was Boeing, this is something that would tell me to start farming even more stuff out. This is what has gotten the big 3 auto makers introuble. Guarenteed workforces at payrates that are the top of the industry.
How about a profit sharing program,
if 12% of the profits went to the workforce, maybe they'd
actually be with the program.
And as far as i can tell the management offer is pretty poor.
11% increase over three years plus COLA, given how piss poor
CPI is, i can see why they are striking.
Why 12%?