Latest news with #strike
Yahoo
7 minutes ago
- Business
- Yahoo
The Boeing Company (BA) Prepares for Strike as Workers Reject Contract Offer
The Boeing Company (NYSE:BA) is among the 10 Best Aerospace Stocks to Buy Now. On Sunday, union members at its St. Louis defense hub overwhelmingly voted to reject a contract offer, resulting in the aerospace giant preparing for an imminent strike. Jordan Tan / The proposal included a 20% wage boost over four years, a $5,000 ratification bonus, more vacation time, and sick leaves. However, the International Association of Machinists and Aerospace Workers (IAM) voted against the contract, saying it fell short of addressing the priorities and sacrifices of the workforce. Dan Gillian, a senior executive at The Boeing Company (NYSE:BA) expressed disappointment at employees striking down the proposal, while adding that this was the 'richest contract' ever presented to IAM 837 and that it addressed all their priorities. The rejection of the contract is being followed by a seven-day cooling-off period, in which The Boeing Company (NYSE:BA)'s management has another opportunity to win over the workers by sweetening its offer. However, Gillian said that the company had activated its contingency plan and was now preparing for a strike. Industry experts believe any labor strife would be costly for The Boeing Company (NYSE:BA)'s defense division, which is in the middle of a turnaround and expanding manufacturing in the St. Louis area, especially after winning the contract for the F-47 fighter jet earlier this year. While we acknowledge the potential of BA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 13 Best Global Stocks to Buy Right Now and 10 Best Small Cap Defense Stocks to Buy According to Hedge Funds. Disclosure: None.
Yahoo
37 minutes ago
- Health
- Yahoo
Wes Streeting rules out pay rises for striking resident doctors saying they have 'squandered goodwill'
Resident doctors have "squandered the considerable goodwill" they had with the government by going on strike, Health Secretary Wes Streeting has told them. The medics - formerly known as junior doctors - finished a five-day strike over pay on Wednesday morning. The group were awarded a close to 30% raise last year but say they want more in an attempt to bring their pay back in line with what they had in 2008. Mr Streeting previously said he would not negotiate further on pay but would consider taking steps on working conditions. He has reiterated that stance - and continued to put pressure on negotiations to start again on the government's terms. The British Medical Association Resident Doctors Committee, which represents the doctors, have not ruled out further action. In a letter sent today to the co-chairs of the committee, Mr Streeting thanked them for an invitation to "get back to the negotiating table" - but added the barb that it was "ironic because I never left". "I am ready to continue the conversation from where you left it," he added. He went on to say the strikes was "deeply disappointing and entirely unnecessary" - adding that there were "seemingly promising discussions" about improving doctors' working lives. Read more: 'We cannot move on pay' Mr Streeting criticised the committee, saying they "rushed to strike". His letter added: "The consequences of your strike action have been a detrimental impact on patients, your members, your colleagues and the NHS, which might have been worse were it not for the considerable efforts of NHS leaders and front-line staff who stepped up. "Your action has also been self-defeating, because you have squandered the considerable goodwill you had with me and this government. I cannot in good conscience let patients, or other NHS staff, pay the price for the costs of your decision." The health secretary said he wanted to "reset the relationship" between the government and young doctors following the previous industrial action. Mr Streeting went on to say he is "serious about improving working conditions" but has been clear "we cannot move on pay". "This government is prepared to negotiate on areas related to your conditions at work, career progression and tangible measures which would put money in your members' pockets," he added. 👉Listen to Politics At Sam And Anne's on your podcast app👈 Mr Streeting concluded: "I was critical of my predecessors when they closed the door to the Junior Doctors Committee. "My door remains open to the hope that we can still build the partnership with resident doctors I aspired to when I came in a year ago and, in that spirit, I am happy to meet with you early next week."
Reuters
40 minutes ago
- Health
- Reuters
Nigerian nurses strike for pay and staffing as talks collapse
LAGOS, July 30 (Reuters) - Nurses in Nigeria's public hospitals began a seven-day "warning" strike on Wednesday, demanding improved remuneration, better working conditions and increased recruitment, after a two-week ultimatum to the government expired without resolution. The National Association of Nigeria Nurses and Midwives (NANNM) warned that if their demands are not met by next week, the union will embark on an indefinite strike, the first in over two decades. "We hope that before the seventh day, we'll have attention and positive response from the federal government," said Christianah Adeboboye, head of the nurses' and midwives' union in Lagos. A meeting on Tuesday between the union and a government delegation led by Labour Minister Muhammad Dingyadi ended in a stalemate. "When you look at the composition of the meeting, it already shows that no outcome could have been gotten out of that meeting," said Toba Odumosu, union secretary in Lagos, citing the absence of Health Minister Ali Pate as a critical gap. The impasse underscores the growing rift between healthcare workers and the government, leaving patients vulnerable as hospitals brace for further disruptions. The union is pushing for the recruitment of more nurses, pointing to a sharp decline in personnel as over 42,000 nurses have left Nigeria for jobs abroad in the past three years, according to the Nursing and Midwifery Council of Nigeria.
Yahoo
an hour ago
- Health
- Yahoo
BMA has ‘squandered the goodwill' of Government
Resident doctors have squandered the 'considerable goodwill' they had with Government after staging five days of strikes across England, the Health Secretary has said. Wes Streeting said he 'never left' the negotiating table, and that he is willing to meet with the resident doctors committee of the British Medical Association (BMA) to resume talks in their ongoing dispute over pay and working conditions. The Cabinet minister said following previous talks, he had outlined a package that 'could bring an end to this dispute', but he accused the union of 'rushing' to strike. In a letter to BMA resident doctors committee co-chairs Dr Ross Nieuwoudt and Dr Melissa Ryan, Mr Streeting said: 'Thank you for your letter of 29 July inviting me to get back to the negotiation table, which is ironic because I never left. 'I am ready to continue the conversation from where you left it. 'As I made clear last week, the decision taken by your committee to proceed with strike action over the past five days was deeply disappointing and entirely unnecessary given the seemingly promising discussions we had to explore areas where we could make substantive improvements to doctors' working lives. 'My letter to your committee, drafted following extensive engagement with you both, outlined a path to agreeing a package that could bring an end to this dispute. 'Had you and your committee not rushed to strike, we would be in the second of the 3 weeks I asked for to work intensively together to improve the working lives of your members.' Mr Streeting acknowledged a second dispute raised by the BMA about a lack of training places for doctors, but said this could have been 'avoided'. He went on: 'The consequences of your strike action have been a detrimental impact on patients, your members, your colleagues and the NHS, which might have been worse were it not for the considerable efforts of NHS leaders and front-line staff who stepped up. 'Your action has also been self-defeating, because you have squandered the considerable goodwill you had with me and this government. 'I cannot in good conscience let patients, or other NHS staff, pay the price for the costs of your decision.' He reiterated that the Government 'cannot move on pay', but is 'prepared to negotiate on areas related to your conditions at work, career progression and tangible measures which would put money in your members' pockets'. Mr Streeting added: 'My door remains open to the hope that we can still build the partnership with resident doctors I aspired to when I came in a year ago and, in that spirit, I am happy to meet with you early next week.' In a statement, the co-chairs of the committee said: 'Resident doctors want this to have been their last strike. We are asking Mr Streeting to leave the political rhetoric behind and put the future of the NHS first. 'He could have prevented strike action if he had made a credible offer last week, instead of what we got: the offer of more talks. Now is the time to get serious. 'We're glad to hear Mr Streeting is open to new talks. Let's make them count.' Details on the number of appointments, procedures and operations postponed as a result are expected to be published later this week. It is expected that fewer patients were affected compared to previous strikes after hospitals were ordered to press ahead with as much pre-planned care as possible during the walkout across England, which ended at 7am on Wednesday. In previous walkouts, the majority of non-urgent care was postponed. Strikes across various NHS staff groups between 2022 and 2024 led to 1.5 million cancellations. And hospital leaders said that fewer resident doctors, formerly known as junior doctors, took to picket lines in the latest walkout compared to those which took place previously. NHS officials have said cancelled bookings would be rescheduled within two weeks, but warned of knock-on impacts for other patients.
Sky News
an hour ago
- Health
- Sky News
Wes Streeting rules out pay rises for striking resident doctors saying they have 'squandered goodwill'
Resident doctors have "squandered the considerable goodwill" they had with the government by going on strike, Health Secretary Wes Streeting has told them. The medics - formerly known as junior doctors - finished a five-day strike over pay on Wednesday morning. The group were awarded a close to 30% raise last year but say they want more in an attempt to bring their pay back in line with what they had in 2008. Mr Streeting previously said he would not negotiate further on pay but would consider taking steps on working conditions. He has reiterated that stance - and continued to put pressure on negotiations to start again on the government's terms. The British Medical Association Resident Doctors Committee, which represents the doctors, have not ruled out further action. In a letter sent today to the co-chairs of the committee, Mr Streeting thanked them for an invitation to "get back to the negotiating table" - but added the barb that it was "ironic because I never left". "I am ready to continue the conversation from where you left it," he added. He went on to say the strikes was "deeply disappointing and entirely unnecessary" - adding that there were "seemingly promising discussions" about improving doctors' working lives. 3:13 'We cannot move on pay' Mr Streeting criticised the committee, saying they "rushed to strike". His letter added: "The consequences of your strike action have been a detrimental impact on patients, your members, your colleagues and the NHS, which might have been worse were it not for the considerable efforts of NHS leaders and front-line staff who stepped up. "Your action has also been self-defeating, because you have squandered the considerable goodwill you had with me and this government. I cannot in good conscience let patients, or other NHS staff, pay the price for the costs of your decision." The health secretary said he wanted to "reset the relationship" between the government and young doctors following the previous industrial action. Mr Streeting went on to say he is "serious about improving working conditions" but has been clear "we cannot move on pay". "This government is prepared to negotiate on areas related to your conditions at work, career progression and tangible measures which would put money in your members' pockets," he added. Mr Streeting concluded: "I was critical of my predecessors when they closed the door to the Junior Doctors Committee. "My door remains open to the hope that we can still build the partnership with resident doctors I aspired to when I came in a year ago and, in that spirit, I am happy to meet with you early next week."
