So yet another Collective Bargaining Agreement negotiation is coming down to the wire, this time between the Boeing Company and the International Association of Machinists and Aerospace Workers (IAM). Currently, the IAM has two votes in front of its members: whether to accept Boeings “best and final offer“, and whether to call a strike. The IAM has recommended rejecting Boeing’s contract offer and has asked for a strike authorization, which requires a two-thirds vote in favor. Vote results are due tonight, and a strike could commence as early as 3 am EDT Thursday September 4.
Boeing has recently increased its offer of a 9% pay increase to 11%, as compared to the union’s demand of 13%, and the two sides are also negotiating differences over retirement and pension benefits in addition to medical costs.
On top of a heck of a lot of jobs at Boeing and its subcontractors, the first test flight date of the 787 “Dreamliner” is at risk of being pushed back further, at an estimated cost of $100 million per day of additional delays.
The agreement has not yet been finalized, but once it becomes publicly available, you should be able to find it alongside millions of legal documents and clauses at www.RealDealDoc.com.
John Siegler's Blog 