On Monday 2.500 workers who make fighter jets, missiles, and drones for Boeing in the St. Louis area are set to strike. It would be the largest strike at the aerospace giant since 2008, and the biggest manufacturing strike since last year’s showdown at John Deere. The major issues also mirror the Deere fight: a two-tier wage regime and a disappearing retirement system. Like the Deere strikers, the Boeing workers are revisiting concessions they took in their last round of negotiations—in Boeing’s case, a whopping eight years ago. Those givebacks look different against the backdrop of rising inflation and after years of immiseration. “We were essential workers throughout the pandemic,” says Josh Arnold, a shop steward with Machinists Lodge 837B. “I know personally of three members who died of Covid. They came to work, got sick, went home, and died.
Nearly 2,500 members of the International Association of Machinists and Aerospace Workers (IAM) District 837 have voted to strike the Boeing Co. in St. Louis. IAM District 837, which represents workers at three Boeing Defense locations, released the following statement regarding the rejection of the company’s offer: “Our members have spoken loudly and with one voice. We reject Boeing’s current contract offer and will strike at all three St. Louis area locations, starting at 12:01 a.m. on Monday, Aug. 1, 2022. We cannot accept a contract that is not fair and equitable, as this company continues to make billions of dollars each year off the backs of our hardworking members. Boeing previously took away a pension from our members, and now the company is unwilling to adequately compensate our members’ 401(k) plan. We will not allow this company to put our members’ hard-earned retirements in jeopardy.
Boeing's 737 MAX series— first announced in 2011 and put to service in 2017 — is the fourth generation of its 737 aircraft, a widely popular narrow-body aircraft model that has been a mainstay of short-haul aircraft routes across the globe. By March 2019, the entire global fleet was suspended by a US presidential decree, following the second fatal crash involving a 737 MAX that killed 157 people in Ethiopia. The first crash involving the 737 MAX jet happened off the coast of Indonesia in October 2018, killing 189 people. In the time since the two fatal crashes, some of the families of the 346 people killed have sought compensation, while aircraft carriers — such as Norwegian Air...
As you know, Boards of Directors have distinctly independent and primary responsibilities for the conduct of the public corporation. This is the case notwithstanding the numerous ways that the officers of the corporation have managed to blur the lines between the roles of boards and management. As you know, the respected Institutional Shareholders Services (ISS) has urged Boeing shareholders to vote to divide the roles of the Chairman of the Board and the CEO between two different people.
To understand the enormity of the Boeing 737 Max 8 crashes (Lion Air 610 and Ethiopian Airlines 302) that took a combined total of 346 lives, it is useful to look at past events and anticipate future possible problems. In 2011, Boeing executives wanted to start a “clean sheet” new narrow body air passenger plane to replace its old 737 design from the nineteen sixties. Shortly thereafter, Boeing’s bosses panicked when American Airlines put in a large order for the competitive Airbus A320neo.
CHICAGO — The Boeing Corporation is again under intense scrutiny, as news broke of a Southwest Airlines 737 Max 8 aircraft travelling, without passengers, from Orlando, FL to Victorville, CA that was forced into an emergency landing after an engine failure. All 376 of the aerospace giant’s 737 Max 8 aircraft are currently grounded after two crashes — Lion Air Flight 610 in October and Ethiopian Airlines Flight 302 in March — killed all 346 souls on board, leading to a public outcry and an investigation expected to be released imminently. A contributing cause of the crashes is widely reported to be the lack of sensors and other safety features that Boeing sells as pricey optional upgrades...