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Power Struggles

Boeing strike update: checks for strikers, lost revenue for big B

September 24, 2008

BoeingThe union members that are on strike at Boeing are about to draw their first post-strike checks of $150 this Saturday. This will be the third week of the machinists union strike that is taking place over concerns that more jobs will be outsourced. While the $150 per week is paltry for the strikers — Boeing is losing out on approximately $100 million per day. Math like this makes it pretty clear-cut who is going to win out.

More on this topic (What's this?)
Boeing Machinists Strike Will Delay Dreamliner Jetliner Test Flight Until the New Year (Contrarian Profits, 11/7/08)
Boeing Machinists Strike Will Delay Dreamliner Jetliner Test Flight Until the New Year, Company ... (Money Morning, 11/7/08)
Boeing Union Workers Ratify Four-Year Pact, Ending Eight-Week Strike (Contrarian Profits, 11/3/08)
Read more on Boeing Company at Wikinvest
Posted in Power Struggles by Jacopo Kane
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Starring: Boeing
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Related stories:
  • Talks between Boeing and striking machinists union break down
  • Boeing machinists may strike
  • Arnprior Aerospace lays off in wake of Boeing strike
  • 9,500 thrown under trucks in DHL layoffs
  • Boeing bombs 800 jobs in Kansas

Discussion

  1. Arnprior Aerospace lays off in wake of Boeing strike | Idiot Inc. wrote:
    30. September 2008 at 9:20 am :

    [...] the company’s human resources flack, has said that the firings were a direct result of the Boeing strike that has been [...]

  2. Talks between Boeing and striking machinists union break down | Idiot Inc. wrote:
    14. October 2008 at 4:11 pm :

    [...] reportedly because the union was asked to bargain away 2,000 jobs. The company meanwhile, is losing $100 million per day because of closed factories due to the [...]

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