The machinists union represents over 30,000 Boeing employees. The strike action is expected to hurt the aerospace company’s bottom line.
RENTON, Wash. — Boeing released a list of spending cuts Monday morning that are intended to preserve cash during an ongoing machinists strike that is expected to hurt the aerospace company’s bottom line.
The IAM District 751 Machinists Union is currently on strike over a contract dispute with the company. The machinists are looking for a 40% increase in pay and reinstatement of pensions that were axed by Boeing in 2014, among other demands. Boeing and union negotiators had previously announced a tentative agreement – but
→ Continue reading at King 5
