Boeing Defense Union Set to Strike for the First Time in Nearly 30 Years

Reported about 17 hours ago

Boeing Co. is preparing for its first strike since 1996 at its St. Louis-area defense factories after union members rejected a proposed contract that included a 20% wage increase and improved retirement contributions. About 3,200 machinists are expected to walk off the job, escalating financial pressures on Boeing's defense division, which accounts for roughly 30% of the company's revenue. The union's previous strike lasted 99 days, and recent labor movements in the aerospace sector indicate a rising activist spirit among workers.

Source: YAHOO

View details

You may also interested in these wikis

Back to all Wikis