On October 23rd Boeing’s largest union rejected a labor contract leading to a severe strike which led to a 6.1 billion dollar loss which said union covers over 33,000 workers that voted 64% against a newly proposed contract.
Jon Holden, president of the 751th district of the union said “There’s much more work to do. We will push back to get back to the table, we will push for the members’ demands as quickly as we can.” This is a big and reassuring statement from John because he represents the majority of workers in the union.
With all this pressure on Boeing and their new chief executive, Kelly Ortburg decided to not comment on Jon Holden’s statements causing backlash doing so but Kelly Ortburg “reassures investors that he has a strategy for restoring Boeing’s reputation and business”.
Airlines across the US are suffering because of the strike and major airlines such as Southwest, United airlines and Alaska Airlines which have almost all Boeing fleets that are in use, as shipment orders and demand increase people wonder how this will affect future travel and package delivery companies that also use Boeing.
Hassan Shahidi of the Flight Safety Foundation says most of the orders for brand new Boeing planes are being placed to expand their fleets to meet passenger demand for the up and coming holidays and school breaks while also stating that Delta has recently ordered 100 Boeing 737s with an option to buy 30 more with a high probability that this order will not be fulfilled anytime soon.
A Delta insider also stated that their major US fleet is all Boeing planes causing further fear inside the company for the coming holidays and it’s not just Delta but other major Boeing airlines that are also feeling and experiencing this problem.
Back at Boeing, the root of the problem seems to be coming from some of the Boeing subordinate stakeholders who are asking for change and a solution because they want to make money so they are pushing for halfast deals that aren’t helping anyone or making things quicker while also increasing the anger of the impatient machinists who have been going a week without pay which is why everyone has been at a standstill.
And what the protesters want which is pretty clear as their signs have been saying “No Pension No Planes!” and Boeing has answered the protests saying pensions are impossible at the moment causing further delay to the progress of the strike.
Even though Boeing has stated that a pension would be impossible for these machinists, Boeing Commercial Division CEO Stan Deal received a pension giving him up to $315,000 per month and if Boeing really couldn’t give a pension at that time why would they give Stan anything?
Overall most advisors think holiday and break travel should be fine as most Boeing planes in active service are fully serviced and kept in good condition and other airlines have other plane brands to offer as well in addition to professional planning by airlines, safe travels!
