logo
Over 3,000 Boeing fighter jet workers go on strike after rejecting contract offer

Over 3,000 Boeing fighter jet workers go on strike after rejecting contract offer

Al Arabiya10 hours ago
More than 3,200 union members who assemble Boeing's fighter jets in the St. Louis area and Illinois went on strike on Monday after rejecting a second contract offer the previous day.
Boeing Defense said it was ready for the work stoppage and it will implement a contingency plan that uses non-labor workers.
According to the company, the rejected four-year contract would have raised the average wage by roughly 40 percent and included a 20 percent general wage increase and a $5,000 ratification bonus. It also included increasing periodic raises, more vacation time and sick leave.
'We're disappointed our employees in St. Louis rejected an offer that featured 40 percent average wage growth,' Dan Gillian, Boeing vice president and general manager of the St. Louis facilities, said in a statement.
The offer was largely the same as the first offer that was overwhelmingly rejected one week earlier.
Members of the International Association of Machinists and Aerospace Workers' District 837 'deserve a contract that reflects their skill, dedication, and the critical role they play in our nation's defense,' District 837 head Tom Boelling said in a statement.
Boeing CEO Kelly Ortberg downplayed the impact of a strike when talking with analysts on Tuesday about second-quarter earnings, noting that the company had weathered a seven-week strike last year by District 751 members, who build commercial jets in the Northwest and number 33,000.
'I wouldn't worry too much about the implications of the strike. We'll manage our way through that,' he said.
District 837 workers assemble Boeing's F-15 and F/A-18 fighters, the T-7 trainer, and the MQ-25, an aerial refueling drone being developed for the US Navy.
Boeing's defense division is expanding manufacturing facilities in the St. Louis area for the new US Air Force fighter jet, the F-47A, after it won the contract this year.
District 751's strike ended with approval of a four-year contract that included a 38 percent wage increase.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Trump says he will ‘substantially' raise tariffs on India over Russian oil purchases
Trump says he will ‘substantially' raise tariffs on India over Russian oil purchases

Al Arabiya

time2 hours ago

  • Al Arabiya

Trump says he will ‘substantially' raise tariffs on India over Russian oil purchases

US President Donald Trump said on Monday he will substantially raise tariffs on India over its purchases of Russian oil. 'India is not only buying massive amounts of Russian Oil, they are then, for much of the Oil purchased, selling it on the Open Market for big profits. They don't care how many people in Ukraine are being killed by the Russian War Machine,' Trump said in a post on Truth Social. 'Because of this, I will be substantially raising the Tariff paid by India to the USA.'

Tesla approves $29 billion in shares to Musk as court case rumbles on
Tesla approves $29 billion in shares to Musk as court case rumbles on

Al Arabiya

time4 hours ago

  • Al Arabiya

Tesla approves $29 billion in shares to Musk as court case rumbles on

Electric vehicle maker Tesla handed its chief executive Elon Musk a $29 billion pay package Monday, as a lengthy legal battle over his compensation winds on. The company said it 'intends to compensate its CEO for his future services commensurate with his contributions to our company and shareholders.' 'We have recommended this award as a first step, 'good faith' payment,' it added when announcing the board's approval of granting new shares to Musk.

Tesla approves $29B share award to CEO Elon Musk
Tesla approves $29B share award to CEO Elon Musk

Argaam

time4 hours ago

  • Argaam

Tesla approves $29B share award to CEO Elon Musk

Tesla approved an exceptional incentive package for CEO Elon Musk, including around 96 million shares worth $29 billion. In a filing to the US Securities and Exchange Commission (SEC) today, Aug. 4, Tesla said Musk has to pay $23.34 per share for the stock granted under the plan. "While we recognize Elon's business ventures, interests, and other potential demands on his time and attention are extensive and wide-ranging ... we are confident that this award will incentivize Elon to remain at Tesla," the committee said in the filing. The new award is designed to gradually boost Musk's voting power, something he and shareholders have consistently said was key to keeping him focused on Tesla's mission.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store