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Boeing protection employees set to strike after rejecting labor deal (NYSE:BA)

by Index Investing News
July 24, 2022
in Markets
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sanfel/iStock Editorial by way of Getty Photos

Almost 2,500 members of a union that represents three Boeing (NYSE:BA) protection crops within the St. Louis space voted Sunday to reject the corporate’s contract provide and plan to strike beginning August 1.

Staff on the three crops in Missouri and Mascoutah, Illinois, construct army plane together with the F-15, F-18, T-7A coach and MQ-25 unmanned refueler.

The Worldwide Affiliation of Machinists and Aerospace Staff District 837 union stated the corporate beforehand took away its members’ pensions and isn’t pretty compensating their 401(ok) plans.

The strike vote might foreshadow tough negotiations for Boeing (BA) within the subsequent spherical of contract talks for the union’s a lot bigger contingent on the firm’s Seattle industrial plane operations, which has ~30K employees in a separate bargaining unit.

Boeing (BA), which is able to launch its Q2 earnings on July 27, reported a $1.2B loss in Q1.



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