Originally published at: Boeing caves to avoid strike. Still no word on who will fix the planes - Boing Boing
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I’m going to go out on a limb and bet the CEO won’t be out there fixing the planes.
Christ! Let’s hope not!!!
As Cory points out in his blog today, I’m wondering what is the ratio of what this concession will cost them compared to what they will spend on stock buybacks.
“Tentative” being the operative word, as we learned this morning:
https://www.washingtonpost.com/business/2024/09/13/boeing-union-contract-strike/
96% of workers voted to reject the deal! They must not be very impressed with their union leadership.
I’m curious about the combination of fear of corpo fuckery that either isn’t within the scope of the contract or is hard to contractually protect against and just plain being underwater that would get 95% of the union to reject a 25% increase.
By the standards of contract negotiations I’ve seen or read about(or raises I’ve gotten); 25% is pretty significant unless it’s accompanied by some gotchas that make it far less attractive than it appears; or it’s 25% on top of a prior wage that was strikingly below market.
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