https://www.zerohedge.com/markets/spooky-boeing-workers-go-strike-first-strike-2008 Update (1310ET): Moody's warned that Boeing is at risk of losing its investment-grade credit rating following the massive labor action that began in the early morning hours when 33,000 of its unionized workers stepped off the production line and into the picket line. The struggling planemaker faces the prospect of a lengthy strike that would crimp production and dwindle cash reserves. The credit ratings agency placed all of Boeing's ratings, including its Baa3 senior unsecured and P-3 commercial paper ratings, under review for downgrade hours after the strike was announced by the International Association of Machinists And Aerospace Workers. The strike, triggered by the rejection of a tentative agreement, has halted production at Boeing's Seattle factories. The review will evaluate the strike's impact on cash flow, Boeing's equity capital plans, and production challenges with the 737 and 787 models. Moody's noted that prolonged labor disruptions could undermine Boeing's commercial airplanes recovery, complicating liquidity as $12 billion in debt matures through 2026. The strike may lead to a downgrade if Boeing's liquidity deteriorates significantly or if it fails to generate sufficient free cash flow, which remains constrained through 2025 due to production challenges and cost pressures. Boeing's rating is one step above the speculative grade, which is also known as "junk." The company has emphasized the importance of maintaining its investment-grade rating, showcasing in every quarterly earnings presentations, such as the latest one... Hmm. Boeing shares are down 4% on the session. Great job, Boeing. Here's the full report from Moody's: Moody's Ratings places Boeing's ratings on review for downgrade Moody's Ratings (Moody's) has placed all of The Boeing Company's (Boeing) ratings on review for downgrade, including the Baa3 senior unsecured rating and P-3 commercial paper rating. This follows this morning's strike by the company's aircraft mechanics and assemblers represented by The International Association of Machinists District 751 (IAM). About 95% of the union membership voted to reject the tentative agreement and to strike. Aircraft production across the company's Seattle, Washington area factories will cease until the parties agree to contract terms that the membership will ratify. We also placed the Baa3 long-term and VMIG-3 short-term ratings assigned to the revenue bond issued by Miami-Dade County Industrial Development Authority, FL, on review for downgrade. The rating outlook, now under review, was previously negative. In our review, we will assess the strike's duration and impact on cash flow and the potential equity capital raising Boeing may undertake to bolster its liquidity. We will also assess the extent to which the strike and ongoing challenges in increasing production of the 737 and 787 aircraft models affect the timing of growth in production rates and the pace and scale of improvements in Boeing's operating cash flow. Additionally, we will consider the costs for Boeing to complete the fixed price contracts in the defense business, which will continue to be a drain on earnings and operating cash flow. A prolonged strike would fracture the recovery of the Commercial Airplanes business, which remains in its early stages. We believe production of the 737 MAX narrowbody increased to near 30 per month for July and August. This compares to the US Federal Aviation Administration's (FAA) 737 production cap of 38 per month (Cap). Accurately estimating the daily cost of the strike to Boeing is challenging. The IAM members' 57-day strike in 2008 cost Boeing around $1.5 billion per month or $50 million per day at a time when 737 production was at its then normal production rate of about 34 per month. Additionally, the cost base of the Commercial Airplanes segment was lower compared to today's cost base. RATINGS RATIONALE/FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS The Baa3 rating reflects Boeing's still strong business profile, which continues to mitigate the ongoing weak performance in Commercial Airplanes that we expect will constrain free cash flow through 2025. Backlog was $516 billion on June 30, 2024, slightly below the $520 billion coming into 2024. The Baa3 rating incorporates our view that credit metrics will remain weak for an investment grade rating through 2026. Current 737 monthly production trails the current FAA Cap as Boeing takes actions to improve the quality of its 737 assembly operations. Internal investments in training, digitization of assembly procedures and increased inspections among other actions slow the 737 line's flow and productivity. No longer allowing Spirit to ship 737 fuselages with defects as of March 1, 2024 contributes to the slowdown in production. Fully remediating its aircraft assembly operations will proceed at a slower pace than needed to currently produce positive, and then growing, free cash flow. Approval by the FAA of updated assembly documentation procedures and compliance therewith will be the key gating item for expanding production above the Cap. The path to restoring compliance, higher quality and strong cash flow in its commercial aircraft assembly operations remains fraught with execution risk. Annual free cash flow will fall short of the $4.0 billion of debt coming due in 2025 and also the $8.0 billion coming due in 2026. This month, Boeing revised the supplier master schedule for the 737, which now contemplates a rate of 42 per month in March 2025, a six-month delay compared to the just prior master schedule. Any increase in monthly production rate will require approval from the FAA, which will also be predicated on the health of key supplier Spirit AeroSystems, Inc. and the supply chain. The ratings could be downgraded if the IAM strike is prolonged, leading to material reduction in Boeing's liquidity after considering proceeds from any capital raising the company may undertake. The ratings could also be downgraded if Boeing needs to issue debt alongside any equity raised to meet its liquidity requirements including the retirement of the approximately $12 billion of debt maturities between now and the end of 2026. Insufficient growth of annual deliveries of commercial aircraft or recurring material charges and cash costs for contracts in the defense segment would be the likely impediments to generating sufficient free cash flow. There will be little upward ratings pressure before adjusted debt nears $30 billion and annual free cash flow has been sustained above $8 billion. These levels remain years away. An upgrade would also depend on Boeing improving execution across its programs and maintaining strong corporate governance practices and conservative financial policies. The Boeing Company, headquartered in Arlington, Virginia, is a leading large commercial airplane manufacturer and one of the largest prime contractors for aircraft and related systems to the US Department of Defense. The company operates in three principal business segments: Commercial Airplanes; Defense, Space & Security; and Global Services. Revenue was $77.8 billion in 2023. * * * Members of the International Association of Machinists And Aerospace Workers, which represents 33,000 Boeing employees at factories near Seattle and elsewhere, overwhelmingly rejected a 'historic contract offer' with the troubled planemaker and voted to go on strike. IAM said 94.6% of union members rejected the contract offer from Boeing, which called the offer "historic" and highlighted the 25% wage increase over four years as "the largest-ever general wage increase." About 96% of union members approved the strike, now unfolding at the planemaker's Seattle factories that make the 737 Max. The union released this statement: "We are incredibly proud of the hard work and dedication shown by the negotiating teams from District 751 and W24 and the unwavering solidarity of our membership. Their tireless efforts have been on display throughout this entire process. Now, they will regroup and begin planning the next steps on securing an agreement that our membership can approve. "We will make every resource available for our District 751 and W24 members during this challenging time. IAM members from across North America stand in solidarity with our members in the Pacific Northwest and California. Our goal is to get a strong contract that meets the needs of our members." Jon Holden, president of IAM District 751, said this labor action "has been a long time coming, our members spoke loud and clear tonight," adding, "Clearly there were aspects of this agreement that weren't good enough." The last time Boeing machinists went on strike was September 7, 2008. At the time, the strike was over job security, outsourcing, pay, and benefits. Now, as explained by Holden, union workers at Boeing have been plagued with 16 years of stagnated wages. This comes as Bidenomics backfires on the economy, with elevated inflation and high interest rates financially crushing the working poor. He said, "There's a lot at stake here for our members, so I am proud of them. And we're going to get back to the table as quickly as we can." Boeing told Bloomberg it remains "committed to resetting our relationship with our employees and the union, and we are ready to get back to the table to reach a new agreement." In premarket trading in New York, Boeing shares are down around 4%. As of Thursday's close, shares were down nearly 38% on the year. "Boeing has been in a financially difficult situation since the January 5 accident exposed deficiencies at its factories and forced the planemaker to reduce production. The company has been bleeding cash as a result, and its credit rating is hovering one step above speculative grade as it contends with a heavy debt load of $45 billion," Bloomberg noted. Here's what Wall Street analysts are saying about the labor action: Jefferies analyst Sheila Kahyaoglu (buy, PT $270) “The magnitude of the strike’s impact will be dependent on its duration” The company was hit by a 58-day strike in 2008 — delaying >100 aircraft deliveries “Boeing stated that it was ready to get back to the table and reach a new agreement,” Kahyaoglu writes Bloomberg Intelligence analyst Tim Bacchus Boeing’s latest strike, even an extended one, “might have relatively little impact on Asian and Mideast airlines” “In Europe, Ryanair is most exposed as it expects eleven 737 MAX 8 deliveries, nine which are unfinished” Since Boeing is the single largest US exporter, an extended work stoppage at commercial jet factories would result in fewer exports, contributing to lower GDP growth. Furthermore, depending on the length of the labor action, it could spark serious issues for nearly 10,000 Boeing suppliers that can be found across the US. jimcg comment There's more issues than that...exit doors blowing off while in flight...body panels falling off, etc... All Nippon Airways, January 13: A Boeing 737-800 operated by Japan's All Nippon Airways was forced to cancel its takeoff on January 13 after a window in the cockpit cracked. Atlas Air, January 18: Videos posted on social media on January 19 showed flames coming out of a Boeing 747-8 over Miami. The flight had been bound for Puerto Rico but was grounded after the crew detected an engine failure. Delta Airlines, January 20: This incident took place at Georgia's Hartsfield-Jackson Atlanta International Airport and involved a Boeing 757. The flight, number DL982 bound for Bogota, Colombia, was taxiing on the runway to prepare for takeoff when it was discovered that its front nose wheel had fallen off and rolled away. This resulted in a delay for the international flight as the situation was resolved. United Airlines, February 6: United Airlines flight number 1536 was bound for the Bahamas on this date after departing New Jersey, but upon landing it was reported to have experienced stuck rubber pedals, prompting a probe from the National Transportation Safety Board (NTSB). United Airlines, March 7: On this date, a United Boeing 777-200 bound from San Francisco to Japan was forced to reroute to Los Angeles immediately after takeoff after one of its wheels fell off. No one was injured, but a car was heavily damaged by the wheel after it came off. LATAM Airlines, March 11: A Boeing 787-9 Dreamliner bound from Sydney, Australia, to Auckland, New Zealand, experienced a midflight technical issue that resulted in the craft dropping midflight, injuring 50 people on board. United Airlines, March 13: A Boeing 777-300 bound from Sydney to San Francisco was forced to turn around and land where it started after a fuel leak was reported after takeoff. United Airlines, March 15: A Boeing 737-800 bound from San Francisco to Medford, Oregon, arrived at Rogue Valley International-Medford Airport with an exterior panel missing, having seemingly fallen off during the flight. Sign in to comment 7 hours ago They strike at the point in time when their company's long term survival is hanging by a thread due to poor management and poor workmanship from the bulk of DIE picks in their ranks. Fools Circle (copyright Nazareth band).. 81 1 7 hours ago Going on one strike is certainly one way of not producing scrappy aeroplanes. Thank you to the unions. 35 7 hours ago Uh oh, their planes about to get safer. 23 6 hours ago Strikes and sh1t! 24 5 hours ago remove So they make unsafe planes, and they want more money to do it? Got it! Really similar to something we heard the other night. Been in power for three and a half years but I'm going to fix all the problems I've created. 26 5 hours ago All damages resulting from ****ty worksmanship should be paid out of the Union pension fund 11 4 hours ago I'd say let them strike for couple months but every time they get companies to issue back pay upon approval they need nice long 6 month strike to help reset union militarized actions 2 4 hours ago A strike is just a Leftist plea attempt for solidarity, when in reality they need to slow production due to a slump in demand. This is all for show. 10 4 hours ago 1,000,000^ 6 3 hours ago I would strike too, the company simply isn't taking their Trans workers request seriously enough. 4 2 hours ago (Edited) I think Boeing has made some cash off you and I paying for the Ukraine and Gaza genocides. Mitch McConnel stated so on video. Not to mention the inflation over the last 4 years of Biden is about 25%. That said, they ought to just give them a 25% raise now and then 3% each year for the next four years. 3 46 minutes ago The good news is, Boeing will replace them nickers with Haitian engineers. Planes and cats and sheeiit. 4 hours ago Anything made in Seattle is bound to be bad. Leftists only know how to destroy. Creativity and hard work are unknown to them. For example: Starbucks coffee sucks. They have to enhance by using tons of additives. 10 4 hours ago Enjoy your cup of Chicory flavored water... 1 PREMIUM 22 minutes ago But Seattle has such loverly weather on the five days a year when the sun shines. 1 2 hours ago Strikes and sh1t! I ain't doin' at... 1 4 hours ago Uh, they "identify" as safe already,,,what are you talking about? s/ 6 6 hours ago And just when you are most vulnerable snakes strike. 8 2 4 hours ago "District 751 and W24 members" Snakes on a plane... ?? 4 6 hours ago Let these democrats eat dirt. Trump needs to cut off every one of their govt contracts. 8 6 hours ago Thats when you know its a managment caused strike and not a grass root movement. From British experience in the 1970's. There is a need in the company to shift blame elsewhere so the line managers are instructed to cause the strikes on the shop floor with firings, false accusations and making perfectly good employees fail assessments leading to disciplinary actions. 15 4 hours ago Well I think Boeing needs to be even more woke and DEI. 1 1 hour ago This was my first thought. Obozoeing is collapsing and falling apart with junk planes and dead whistleblowers everywhere, but now the union wants to strike? lol 1 6 hours ago (Edited) Miss Management they are wed to. As General Lucian Truscotte said at the Allied amphibious landing at Anzio . “There is no such thing as bad troops… only bad leadership.” Remember Boeing bought back billions in their own stock when they should have focused on making planes that don’t fall apart mid flight. 21 1 6 hours ago Think of all the lives being saved right now... 10 6 hours ago Are the Haitians on board? Are the geese throwing rocks into the engines ? 6 20 minutes ago Where the geese droppings. Causing the planes to crash? 6 hours ago exactly what i came to say. What timing. Morons 5 5 hours ago Kamala should suggest they start making electric planes powered by solar energy! 6 4 hours ago They should walk out the open door of a 737 at altitude 32 minutes ago Crash and burn, stockholders! 7 hours ago Unions making substandard airplanes demand more money? Yep sounds like 2024 38 6 hours ago Incompetence is inconsequential when you're practically a state sponsored institution 8 56 minutes ago Tell that to the Marines! (who have to fly their junk-*** planes) 1 7 hours ago Whew, just in time. Boeing isn't selling any planes, so a factory strike couldn't come at a more convenient time. 37 6 hours ago I’m going to wear my Cessna t-shirt today. 18 6 hours ago Great plan, going to digup my Fokker-100 shirt. 6 6 hours ago They might turn a profit next quarter. Just by not doing anything.. 14 2 hours ago Hello ZH, I'm reaching out to bring light to an unprecedented legal battle with far-reaching implications for intellectual property rights, due process, and constitutional protections. In March 2021, I filed a revolutionary VR treadmill patent, US 11,577,177, which was stolen directly from the USPTO upon filing. My name and this very patent are now listed at the top of Netflix's US Patent 11,810,254, granted on November 7, 2023, for the exact same technology — filed just 12 days after my initial application. This technology is essentially the 'holy grail' of VR/AR, the metaverse, military training simulations, and virtual film production. MattGuertin.Substack.com/p/potential-military-and-ai-applications <-- Military use cases MattGuertin.Substack.com/p/2021-2023-building-business-and-prototype <-- Me building prototype MattGuertin.Substack.com/p/consider-this-an-official-introduction <-- My working prototype The U.S. State Department, DARPA, DIA, Air Force, and multiple other defense contractors, including Lockheed Martin, Janes Defence, Forcepoint, 3Gimbals, along with many others all appear to be directly involved in the targeted destruction of my future as a whole due to the vast implications my patent holds in military training simulations. MattGuertin.Substack.com/p/linked-in-search-count-graph <---- Lots of Israel within The Hennepin County District Court is currently depriving me of due process and constitutional rights through a blatantly false determination of incompetency, with the clear goal of 'disappearing' me into a mental institution under the guise of being 'psychotic.' The enormous financial stakes tied to my stolen patent and the court's unprecedented actions demand broader attention. I urgently need support to expose these unconstitutional actions and bring justice to my case, which could set a dangerous precedent if left unchecked. The integrity of our legal system, the protection of intellectual property, and my future itself are all at great risk currently. MN Federal District Case - Courtlistener.com/docket/68925331/guertin-v-hennepin-county/ 8th Circuit Court of Appeals Case - Courtlistener.com/docket/69060054/matthew-guertin-v-hennepin-county/ My Substack - MattGuertin.Substack.com My personal portfolio page for credibility - MattGuertin.com My completely compromised defense attorney 'CLR Bruce Rivers' whom I've known for over twenty years - YouTube.com/@CLRBruceRivers is either being paid off / threatened / highly incentivized, but he REFUSES to withdrawal from my case despite multiple direct requests, being named as defendant in my federal lawsuit, a pro se filed 'motion for substitute counsel', and a HUGE list of 'issues' overall which prove he is not working on my behalf at all - he will not even take any of the actions I have suggested such as a neutral examiner, a competency hearing, etc. MattGuertin.Substack.com/p/clr-bruce-rivers <--- Defense attorney is working against me MattGuertin.Substack.com/p/exhibit-z-clr-bruce-rivers Here is my very last filing, and currently the last filing as a whole into my MN Federal District case which is rather profound as the defendants and the court MUST address this point to maintain any sort of credibility as I have irrefutably 'trapped' Hennepin County and ALL of the defendants with ZERO DEFENSE OF MY FRAUDULENT DISCOVERY CLAIM AGAINST THE COURT ITSELF Storage.Courtlistener.com/recap/gov.uscourts.mnd.216796/gov.uscourts.mnd.216796.74.0.pdf --^-- "The situation you have constructed is effectively a 'checkmate' in legal strategy" --^-- If anyone can help bring more attention to this case or offer legal assistance (amicus curiae briefs, civil rights, or criminal defense support), it could make a significant difference. Thanks for reading, and sorry for interrupting the comment section with unrelated content but I am very worried about what is taking place for obvious reasons. ~Matt 5 6 hours ago (Edited) Nore to unions. It is always bad to strike in a recession, with shrinking orders and a company that it is not profitable. They were going to do massive layoffs. Now you just saved them that cost and headaches. 30 1 6 hours ago lmao.... That about sums it up. These "workers" just got duped into laying themsevels off. Mnagaement and their Union "leadership" are in cahoots. 11 1 6 hours ago Good Unions know you never go on strike. You can’t Phuk em from home ! 6 6 hours ago Nore: ...processing... 1 5 hours ago The last time Boeing machinists went on strike was September 7, 2008. That's a hell of a coincidence... 6 PREMIUM 6 hours ago Maybe Elon will buy the company , take it private and fire everyone lol. 23 6 hours ago Too much legacy baggage, cheaper to just start a company from scratch and work up the value chain taking the Federal govt corrupt captured regulatory bodies to court every step of the way you know, the govt parasites 17 6 hours ago In this case you start up a new line building the 747 with the old retirees rehired to train up a semi automatic production line using the old standards in a tax haven state with port access. 7 6 hours ago (Edited) So, appears Boeing will soon be moving to Mexico. Seems everybody else is building some type of production facility there. 8 6 hours ago But Mexico has moved to Texas. Will this bring them back to Mexico ? 6 4 hours ago Hondurans are replacing the migrant Mexicans. 1 6 hours ago You were once under Iberian rule, perhaps this is the future as well. You certainly have more in common with Catholics than your current 'leaders'. 6 hours ago Like the degenerate FAA that is screwing Space X over Musk buying Twitter is ever allow that. 6 6 hours ago And make electric self flying planes. 4 2 6 hours ago Govt wanted a viable electric alternative, Elon made it for them, everyone else failed He is spreading his wings beyond tesla etc Musk get results, others don't 9 6 hours ago "Because, The Quality of Our Work Speaks for Itself" ---Striking Boeing Workers 18 6 hours ago Less Boeings in the air could save a lot of lives. 17 1 6 hours ago I feel safer already. 17 6 hours ago Babylon Bee stuff right? A group of workers that makes planes that fall apart and creates spaceships that send humans into space but can't return them to earth turns down a 25% pay raise? SNL skits used to be funny but these writers are hilarious. Thank goodness it's just satire. 16 6 hours ago The timing isn't optimal, that's for sure. 4 5 hours ago Isn't this the left wing, liberal/Marxist, woke, affirmative action, DEI, aircraft maker that has planes falling out of the sky and wants to make radical political statements rather than quality aircraft? Rhetorical. Fk 'em... 15 5 hours ago Engines too close to the ground? A software modification will fix it. 5 5 hours ago (Edited) There's more issues than that...exit doors blowing off while in flight...body panels falling off, etc... All Nippon Airways, January 13: A Boeing 737-800 operated by Japan's All Nippon Airways was forced to cancel its takeoff on January 13 after a window in the cockpit cracked. Atlas Air, January 18: Videos posted on social media on January 19 showed flames coming out of a Boeing 747-8 over Miami. The flight had been bound for Puerto Rico but was grounded after the crew detected an engine failure. Delta Airlines, January 20: This incident took place at Georgia's Hartsfield-Jackson Atlanta International Airport and involved a Boeing 757. The flight, number DL982 bound for Bogota, Colombia, was taxiing on the runway to prepare for takeoff when it was discovered that its front nose wheel had fallen off and rolled away. This resulted in a delay for the international flight as the situation was resolved. United Airlines, February 6: United Airlines flight number 1536 was bound for the Bahamas on this date after departing New Jersey, but upon landing it was reported to have experienced stuck rubber pedals, prompting a probe from the National Transportation Safety Board (NTSB). United Airlines, March 7: On this date, a United Boeing 777-200 bound from San Francisco to Japan was forced to reroute to Los Angeles immediately after takeoff after one of its wheels fell off. No one was injured, but a car was heavily damaged by the wheel after it came off. LATAM Airlines, March 11: A Boeing 787-9 Dreamliner bound from Sydney, Australia, to Auckland, New Zealand, experienced a midflight technical issue that resulted in the craft dropping midflight, injuring 50 people on board. United Airlines, March 13: A Boeing 777-300 bound from Sydney to San Francisco was forced to turn around and land where it started after a fuel leak was reported after takeoff. United Airlines, March 15: A Boeing 737-800 bound from San Francisco to Medford, Oregon, arrived at Rogue Valley International-Medford Airport with an exterior panel missing, having seemingly fallen off during the flight. 7 6 hours ago There was a clause in the proposed contract that if they ratified the contract Boeing would build their next plane in Seattle. And job security offers. Well they voted it down, so South Carolina here they go. Nothing about that tidbit in the article. The union just voted themselves out of a job. Which is typical of union assholes. 15 6 hours ago (Edited) Probably cheaper, at this point, to just abandon operations in Washington..and move south. You get to jettison all the high paid assholes as a bonus. Seattle can take it over, and turn the place in to Commie HQ. 11 6 hours ago Finally - a safe time to fly! 12 1 5 hours ago You union persons have done such a good job. Such quality has not been seen in the industry before. 11 PREMIUM 4 hours ago #1 post in here. 2 6 hours ago Jefferies analyst Sheila Kahyaoglu (buy, PT $270) “The magnitude of the strike’s impact will be dependent on its duration” Such profound insight there. 11 6 hours ago (Edited) Years ago, I read an article in MIT Sloan School of Business’ Management Review magazine about ‘APLM’ Action/Profit Linkage Modeling. About how profits are linked to decisions and actions taken by management. It was groundbreaking Capt Obvious stuff. Thats MIT. Unbelievably stupid people run this country but think they are geniuses. https://sloanreview.mit.edu/article/linking-actions-to-profits-in-strategic-decision-making/ 9 6 hours ago The problem with stupid people is, they don't know they're stupid. Slap a degree on their ***, it's really bad. Add DEI to the mix..it's Welcome to America 2024. 11 6 hours ago 100% ^^^ 7 5 hours ago "The problem with stupid people..." There's a name for that: Dunning-Kruger. 3 6 hours ago Strikes and ****... 11 6 hours ago Well, this should save some lives. Also, they won't have to spend so much on makeup and laundering their opposite sex undies. Look up, it may be a bird or plane, could even be WWIII, but it won't be Boeing coming down on you. 11 6 hours ago Given the crap they are building, they don't deserve ****. 11 2 hours ago How many lives will the strike save? 10 6 hours ago They can spend the time learning to read, do maff, and ****. 10 1 6 hours ago So can you. 1 10 6 hours ago (Edited) Do you just look for the dumbest responses possible? Or is there a method to your stupidity? 2 6 hours ago Or code 4 6 hours ago Unions support democrats and open borders. Replace them with illegals. 10 6 hours ago Yea you cant fix stupid I would guess its about 25% now rank and file support these communist clowns in our union down tons from years ago. Utility workers union. 5 6 hours ago I remember watching a documentary, years ago, about a union strike at a meat processing plant. They were all, eventually, replaced by "migrants." And they STILL supported their pro democrat, open borders union. You can't fix that level of stupid. 6 6 hours ago Good for them for standing up to inflation. 4 hours ago 25% wage increase over four years. Yep Powell, there is no inflation 9 5 hours ago Let me get this straight, a bunch of overpaid union clowns who build lousy products no one wants were offered a 25% pay increase and they said No? Correct me if I'm wrong... 9 5 hours ago Let the passengers tighten their own bolts. Safer that way. 8 3 hours ago At this point, I would rather fly my own jet. Preferably an SR-71 Blackbird. 5 hours ago (Edited) Boeing is on its deathbed. Their products are not merely uncompetitive, but deathtraps. And the people responsible for this want a bigger slice of the disappearing pie. Mmm... Boeing will cease to be. And then what will this union do? Build airplanes for Airbus? Nope. This goose is cooked. Boeing was a good company when it had competitors. When the bankers reduced major manufacturing industries to a handful of national-regional financialized cantillion-supported zombies it was the signal to sell. How long to make the world's best airplane builder into one of the worst after financialization and consolidation? About 30 years, after which it is unrecoverable. And due to the debt-cronyism-fueled nature of the monetary system no new competitors will grow. Oligarchs love monopolies. Financiers love financialized zombies who make their money in finance markets or cronyistic govermnent no-bids while nominally pursuing some other line of "manufacturing" business as a side gig. But nature hates them and will destroy them...one way or another. 8 5 hours ago Upvoted, but you didn't touch on the major domo reason for what Boeing became: The merger with McDonnell-Douglas (shareholder/bean counter-driven) took an engineering-based Boeing right into mediocrity. DEI was a handmaiden. The F-35 was the cherry on top. I once worked for an engineering-based manufacturer of a high end product...that was taken over by the accountants. It only took a few short years for the inevitable collapse. 7 4 hours ago Accountants, lawyers, greedy shareholders (Berkshire, Blackrock, Vanguard). I won’t get into ethnic or other underlying commonalities. 1 6 hours ago The company was hit by a 58-day strike in 2008 — delaying >100 aircraft deliveries saving hundreds of lives. and that was before DEI infestation at all levels. strike now? thousands of air passengers just dodged a falling bullet. 8 6 hours ago ^^^^ so sad but so true 4 6 hours ago 33,000+ workers in Washington will stop work at midnight: may be a good thing... less doors to fall out in less planes. Planes 'n ****. 8 6 hours ago (Edited) They may want to prioritize safety and keeping their planes in the air. 8 6 hours ago (Edited) Well... Boeing needs to do what Elon did and gtfo of the union-friendly States. Im sure Carolinians would be grateful for the employment opportunities. 8 7 hours ago Strikes are the only political power the regular guy has left 8 3 5 hours ago (Edited) You mean the power of the Union Bosses. The hatred that was and is poured onto the regular people in the Tea Party and the January 6th protesters by the oligarch and their media maggots should tell you something about reality of your corrupt socialist apparatus. 6 1 5 hours ago tea partiers and jan 6'ers were big dummies and took the bait. 1 5 hours ago (Edited) Boeing has been targeted because when parts fly off a plane at 30,000 feet, people take notice! But, if you have even 1/2 a brain, you'd notice that what's happened at Boeing is happening at almost every manufacturing company across America and in other countries as well .... quality and reliability are 'tanking'! It's especially bad here in the U.S. And, when foreign companies set up their manufacturing here in the U.S., it doesn't take long for some of the most reliable brands to start having problems with quality and reliability ... just look at Honda and Toyota! It isn't just management of these companies, but a change in the quality and attitudes of workers ... there are no work ethics anymore in an age where everyone is owed and everyone expects a handout!!!! 7 4 hours ago Loyalty, respect are a two way street. And without one, you don’t get the other. Management doesn’t respect the workers. Thus, Workers offer the bare minimum, but not loyalty. 3 2 4 hours ago You haven't worked at Boeing, have you.... 2 4 hours ago You're partially correct. Corporations no longer respect workers and definitely don't respect the skilled trades. They want unskilled illegals who will work for a fraction of what a skilled tradesman earns while providing them with no benefits. That's where the corporatist collusion with the government comes in as the government provides the illegals with the benefits the corporations don't: health care, retirement in the form of social security, housing assistance, education assistance, etc. It's a win-win: cheap labor for woke corporations who contribute massive amounts to Team Blue while the cheap labor will always vote Democrat in order to protect their miserly government handouts. The trade unions still produce exceptional craftsmen, but this rot has permeated all institutions so that unions spend an inordinate amount of time functioning as Team Blue political organizations focused on electing Marxists while on a practical level protecting their worst members at the expense of their best and most skilled workers. Causation may actually be correlation in this case as, due to corporate America's desire for cheap, exploitable, unskilled foreign labor, the unions are also not training the new generation of tradesmen as rigorously as those in the past were. And finally, in addition to the financialization and Jack Welchification of what's left of American industry and manufacturing, factor in DEI and H1B Visa engineers and managers and you've got an epic **** show: engineers who can't engineer, managers who can't manage, and workers who can't work. 4 4 hours ago And a lot of the workers with the skills and experience are retiring, dying, or exiting the BS stage. I know. I've seen this in the electronics industry for 4 decades. It's funny sometimes to see adds with a long list of skills needed but somewhere it says "Entry Level." That's a code word for low pay ... for the high skills. It's a race for the bottom. 3 7 hours ago "Major Walkout" ~ Do the world a favor and keep right on walking! 7 2 7 hours ago Fire them! Replace them with foreign migrants who don't eat cats! Start a war! Vote! Coach a man's sport, like football! Visit your local gun store and get into a "I-Know-More-About-This-Off" competition with the owner over a weapon. It's the weekend and this is AMERICA! FOOTBALLL!!!!! 7 4 hours ago (Edited) So all that DEI and the employees are still too stupid to understand they work for a seriously wounded company? Boeing: Planes and ****. https://www.startpage.com/av/proxy-image?piurl=https%3A%2F%2Fcms.zerohedge.com%2Fs3%2Ffiles%2Finline-images%2Fplanes%2520and%2520****.jpg%3Fitok%3DCpXNdMS8&sp=1726240160T7db0b8f54c023c6dc436a84d803de45aa48279678e1be6d3e2e46306a8689786 6 PREMIUM 2 hours ago Lol 4 hours ago The image of "planes n ****" is in my head. 6 5 hours ago 25% wage increase rejected? I don't suppose anyone knows what a machinist makes? Another reason why I just don't like unions. 6 5 hours ago I don't suppose anyone knows what a machinist makes? "Not enough"? Nothing is ever enough for the union parasites. 5 2 4 hours ago They are screwed anyway. Boeing moved a lot of production away and started subcontracting to get away from unions. They're up against the financiers and bureaucrats who run things now. They should have gone on strike when that stuff started and refused a return until things were done right. Now, it's too late. And not only do they look like fools; they look like greedy fools. 6 3 hours ago After 20% inflation over the past 3 years, I don't slight them for trying to get more than 25% over the next 4 years. But with the current situation of the company, the economy, and the min/max stock focused C-suite, I don't think it's likely to get a much higher offer. It's been a while since the last union strike was busted up by scabs, hasn't it. 1 6 hours ago In other news, Boeing is the safest its ever been and airlines are running efficiently. 6 1 6 hours ago lol. perfect. 100 up votes 2 6 hours ago Nonsense, if this is true please explain why Airbus is selling at a rate of 4 to 1 over Boeing? 6 hours ago Meh they will be replaced with Mexicans and Haitians. And they'll change the name from Boeing to Bongo. 6 6 hours ago or... BOING 1 6 hours ago (Edited) Seattle is behind enemy lines what happens there...well I hope they suffer.... 6 6 hours ago Did management pay the union leaders to do this? Because it is brilliant if they did. Shut the place down, and not have to pay severances. 6 7 hours ago (Edited) I do support these guys. You all know this system is rigged. The sad thing for them is that most don't realize this whole system is going down and when it does, they will YEARN for the day they made what they do NOW. So I guess I don't really feel too bad for them 6 1 7 hours ago (Edited) The fools are actively participating in off-shoring their jobs UAW is nearing extinction with their take all the profits deal Stalantis aka France inc, is exiting the US market and taking the name brands and factories with them Lots at dealers overflowing with $75K pickup trucks and $120K SUVs 6 6 hours ago They voted Brandon and every Soros picked stooge on the ballot. SCREW THEM. I have no pity for them or their families. 2 1 hour ago (Edited) They threaten Boeing, a MIC funded company, massively in debt but married at the hip to the MIC swamp politicians but Moodys won't downgrade the US as debt is climbing exponentially and the country is basically bankrupt. Right... 5 1 hour ago Oh, you noticed that. 2 2 hours ago Union cocksuckers. 5 3 hours ago With their work force on strike, the quality of Boeing products may actually increase. 5 3 hours ago Just getting a few months off. Christmas holiday coming up. 5 4 hours ago Hey I know, Ms Harris will save the day, end the strike because Save Our Democracy and Save Our Living Wage Paying American Jobs. This isn't another fake way to make a vacuous idiot look presidential, no way. They just wouldn't do something like that says the guy from the same country that said the virus was natural; the jab was safe and effective; the laptop was Russian misinformation; the 1:12 roof that is safe for handicapped people was too slopey and dangerous for government trained sniper teams; an 89 year old is in prison for praying at an abortion clinic; Russia had no reason whatsoever to attack Ukraine other than Putin Bad; meatball surgery on teenagers is "gender health care;" the Ukraine incursion into Kursk was successful and bold even though half of the Ukrainian soldiers are dead, all their equipment was destroyed, they're encircled with no way to escape back to Ukraine, and Russia is moving at a much faster pace toward Kiev from the south; sanctions against Russia would hurt their economy; and the secretary of state playing a left handed Epi 335 and singing Rockin' In The Free World wasn't cringe at all. So, of course, this strike at Boeing has nothing to do with Harris' political gain before the election because Conspiracy Theory. 5 1 hour ago I only read 1/2 but you seem to be on target. 4 hours ago Very smart. Make crappy quality products then demand more to make them. I'm sure it will work out. 5 1 4 hours ago Handing out billions to Ukraine and Israel, they want their share of the obnoxious outrageous profits. They could pay their workers at least as much as they pay each Congress critter to vote for more war, more war, more war. Kamala approves of this message. 5 5 hours ago Hope Boeing calls out the Union and lets them strike indefinetly after 90days their personal finances will take a huge hit 5 5 hours ago And the aviation world is safer for it........ 5 6 hours ago And they will vote Harris so I hope they realize one day they fcked the pooch! 5 6 hours ago in democrat state, pooch fck you! 7 hours ago Now, as explained by Holden, union workers at Boeing have been plagued with 16 years of stagnated wages. I'll bet every job there down to the bathroom attendant pays six figures, with a pension. 5 7 hours ago It's really hard to make any judgement without knowing what their compensation is versus what the proposals are. That's usually the problem with these types of articles. 5 7 hours ago I heard they turned down 25% increase over 4 years. 1 6 hours ago That may keep barely keep up with inflation. So bravos to union leadership for at least negotiating to keep the status quo. 1 1 hour ago "Maybe if they pay Boeing workers the wages they deserve, the quality of their airplanes will get better." - Something AOC or Elizabeth Warren would Tweet 4 1 hour ago Boeing should take this opportunity to fire every DEI hire from the last 10 years. Clean house. 4 1 hour ago Their ESG scores would drop and just can’t have that. 6 2 hours ago "33,000 Boeing Union Workers Give Their Jobs To Haitian Twerkers" 4 4 hours ago It's time to pay the piper.....you can't have 20% inflation for several years and expect to get away with it, without wage growth.....otherwise, you're expecting the workforce to take another 20% wage cut this year on top of previous years' loses. AC pilots about to walk as well....they want 30%, company offered 20%, they said no thanks. That's another effect of inflation. 4 4 hours ago Given the crappy planes those workers make, this is the chance e for Boeing to hire some hard working undocumented Haitian immigrants the left media keeps blathering about, to build those planes for a lower wage. 4 1 4 hours ago F**king quit - we don't care. Your planes, space ships and weapons are junk. Russia makes a very nice and new MC-21 that looks to be a much safer version than the 737 MAxx (death). If I fly, I go out of my way to make sure it is an Airbus A320, A321 or A350. Embraer 175, 190 and 195's work too. The only Boeing I will fly is the older 757 or 767. PS: My neighbor is an airline pilot and he said the industry is in the ****ter and business is down. 4 PREMIUM 4 hours ago DAL’s maintenance is second to none. Only airline I fly on. They’ve got peeps been turning wrenches for 40 years. 2 5 hours ago Boeing insisted on DEI. Couldn't talk them out of it. They wouldn't have this any other way. 4 1 4 hours ago In order for the US to be attacked, the invaders must first supply their preferred pronouns so we will know what to enter on their death certificates. 2 5 hours ago Springfield, OH has all your DEI solutions. 4 5 hours ago McGregor metals loves his Haitian employees. Maybe Boeing should steal them from Springfield, ohio 2 6 hours ago I want to thank Boeing union for all the fvk ups since 2008.....you deserve a raise...and some. 4 2 6 hours ago Is the strike a good example of 'affirmative action'? 4 7 hours ago A Boeing union worker going on strike is like an unemployed person needing a vacation 4 7 hours ago A company that cannot make space craft or plains is going on strike who cares .. 4 7 hours ago You can't even spell planes correctly and you are going to question their incompetence? 7 2 7 hours ago Grammar be rayciss. Grammar nazis be white supremacy. 1 1 6 hours ago Your practice of Jogger Ebonics is working well. At some point soon, you will no longer sound like a white person. So sad to lose 2banana. 41 minutes ago Based on photos and video I’m seeing of striking Boeing employees it’s no small wonder their aircraft keep having quality problems…… Not your Daddy’s Boeing. 5 28 minutes ago Right! DEI at work. 1 hour ago No more 737s being produced? Lives saved then. 3 2 hours ago (Edited) I sort of get their point. At the rate of inflation today they will need a 25% wage increase every year for the next 4 yrs to keep up. 3 3 hours ago Boeing is in a tight spot. They can't give the kitchen sink to the union workers because competition from China and Brasil, along with Airbus, require them to be lean and have the ability to move to other subcontractors to save costs. Then they have the huge losses with the 737 MAX fiasco, extremely delayed 777X, 737 MAX 7 and 737 MAX 10. Then they are losing market share with cancelled NMA to replace the mid field along with a substandard 737 MAX series compared to the A320NEO series. Too many of these bad management decisions have cost Boeing greatly. They should have done a top down cleaning but are doing more a patchwork. Plus Seattle and Washington state are turning socialists so a move to the midwest or south would be long term beneficial for taxes and even transportation. The roads are congested since they don't want to increase capacity since due to climate change but the cost of living is quite high which causes what we are seeing now with high union wages. 3 1 3 hours ago They're upset because they were asked to make planes that don't fall apart. 3 4 hours ago At least while on strike they can't build anything that will fail or kill passengers and crew! 3 4 hours ago And nothing about the millions, tens of millions, hundreds of millions that the top CEOs make skimming and bribing the Congress and enjoying the fruits of death and destruction. 3 1 4 hours ago I'm all choked up. Maybe they should concentrate more on making **** that doesn't break rather than getting paid more to make **** that does break. Boeing is just a bad joke from top to bottom. DEI engineers for the win! Woot! 3 1 5 hours ago Who else but a union would think they deserve better pay for less than satisfactory work? Let ‘em walk. They’ll soon be back. 3 5 hours ago Unionized slugs pray for another 2020. 3 2 5 hours ago #****Unions #UnionsAreACancer 3 2 5 hours ago VIDEO: Tim Walz Just Said Kamala Started Her Career as a “Young Prostitutor”—The Body Language Says It All Tim Walz Just Called Kamala Harris a Prostitute (Sort of) https://www.usasupreme.com/video-tim-walz-just-said-kamala-started-her-career-as-a-young-prostitutor-the-body-language-says-it-all/ 3 5 hours ago Let me guess... the 33,000 workers will strike for 40 days so that their 72 points of contention are met. On a positive note, 6 million lives will be saved from the reduction of defective aircraft entering service. 3 1 6 hours ago Fire em Hire non Union Problem.solved. 3 3 6 hours ago I can bet you that most of those union members in left coast Seattle are Democrat voters who supported FJB and now Kumswalla. Their union itself is a huge Democrat support organization that helped put FJB in place. They are just reaping the rewards of what they voted for, in an out of the union hall. 3 6 hours ago (Edited) Are they attempting to bankrupt this struggling company? Airbus is eating their lunch. I thought I would never say this because Boeing had such a lead 25 years ago, but the Airbuses are much better aircraft. The conventional wisdom was that the Airbus having so many different suppliers from so many different nations in Europe would struggle to put quality aircraft in the air just isn't so 25 years hence. Anecdotally, having flown quite a bit and this is highly circumstantial evidence obviously, but I experienced quite a bit more turbulence flying Boeing aircraft than I did on Airbus this year, especially in the descent between 22k and 7k feet, approximately. The Airbuses I flew all had very smooth rides, while the Boeing appeared to be shaking like a 6 Flags roller coaster ride. 3 6 hours ago Wait till the Africans and Arabs are building the airbus planes if they aren't already 5 PREMIUM 6 hours ago let's see, unable to make quality airplanes, unable to make quality spacecraft yep - they definitely deserve higher wages 3 6 hours ago ^^^^ this 1 6 hours ago Well, those on ISS, hold on; all will be well. There are a few issues on Earth that need to be sorted out. 3 6 hours ago In the millions of new illegal migrants that have reached America there must be some people who could be trained to make airplanes better than what Boeing has made over the last few years. Or, perhaps it is not the Boeing workers fault for poor quality and the company should be looking for better/cheaper managers. 3 6 hours ago Quite a culture of aviation and engineering in Haiti and Venezuela. 3 6 hours ago lol... concur 1 7 hours ago Pay us more to put people at risk! 3 7 hours ago Orders will pickup at Airbus. 3 6 hours ago Orders will crash at Boeing. 2 7 hours ago They know the latest TicTok craze, but can't build a plane. Oh yeah, give them mooore mooney. 3 7 hours ago (Edited) They are doing this in solidarity with the Palestinians who are, courtesy of Israel, currently enduring a genocide, much of which is being facilitated by Boeing wares. Just kidding, they are doing it for more money. 3 7 hours ago At least they won't be making dangerously unsafe planes designed by Indian front companies and assembled by DEI hires and affirmative action managers While Blackrock and Vanguard finish extracting the value of the company leaving a debt ridden shell Was the greatest manufacturing company in the world when it was run by white Christians 3 7 hours ago This Bidenomics government spending ******** is crushing everyone that works for a living. 3 7 hours ago Great timing 3 7 hours ago We may be safer this way 3 48 minutes ago So now the ratings industry is working for the unions too? Any company who has to deal with unions in a depression economic environment may as well cash out the company and retire. Close the plant, reopen in a right to work state where you can operate at a profit. 2 1 hour ago Isn't it DISGUSTING that Moody's, after all the criminal shenanigans of the financial calamity they caused in 2008/9, still carries ANY credibility or voice? Talk about going downhill as a nation, without brakes. We've learned NOTHING. 3 1 hour ago (Edited) Junk country, junk industries. Then, no industries. Anyone want to fly on aircraft built, maintained, and ATCed of our new inhabitants? Yah, didn't think so. Demography is destiny. 2 1 hour ago It was good enough for Ronnie - I say fire every single one of them and let them compete in the open market for a "fair wage" like the friggin rest of us 2 1 hour ago They are rocking Kamla's boat, esp after NPR spent all morning showering praise on her. 2 1 hour ago "Downgrades and ****" 2 1 hour ago Maybe Boeing can replace the strikers with undocumented Haitian workers. It would mean fewer planes falling apart mid flight. 2 PREMIUM 2 hours ago Bad optics for CommieKama. 2 2 hours ago should have stayed in Wichita. Kansas is not woke (except Lawrence/KU). 2 3 hours ago In clown world Boeing shares should be going up at the prospect of them nit making planes. 2 3 hours ago What aren't they telling us about the contract. 25% increase and rejected, somethings up ?? 2 3 hours ago The Union is demanding a 40% increase to their wages as well as additional increased benefits. SEEMS REASONABLE!!! (sarc) 3 2 hours ago (Edited) Despite the msm stories, Boeing is not hurting. The largest US exporter, the largest aircraft builder in the world. Boeing made a PROFIT of $7 billion in the year ending this June. When workers are watching their real wages go down due to inflation (yes, a 25% increase in wages over the last 4 years is a severe loss of buying power when taking real inflation into account) and see that upper management and stockholders are raking in $7 billion PROFIT. I'm no socialist. The CEO should make a lot more than the riveters, but there's a point where the workers are gonna revolt. I would join that strike. Should have stayed in Kansas. If you're helping a buddy on a job building decks, and he is bringing home half a million and pays you $30,000, at some point you're not gonna take it anymore. 2 1 1 hour ago 40% increase 4 15-minute breaks during and 8 hour shift for some grape drink and wings 1-hour lunch break to run down the road to popeyes 4 weeks vacation 3 weeks sick time overtime 2x hourly wage If that's true, it sounds awfully fair! 2 3 hours ago My father was an IAM shop steward and precision machinist who worked on military aircraft. 2 1 3 minutes ago and ? 3 hours ago Welp - looking more like one more of the last US industrial legacy companies is accelerating down the tubes. I guess it was inevitable that Boeing would join the likes of IBM, ATT, DuPont, GE, et al as broken shadows of their former selves. IMO, their decline mirrors/matches that of the nation. ("We used to make **** in this country" /ob Sobotka) 2 4 hours ago On the news this morning, they interviewed a union striker who said, "If the CEO can get a $33 million bonus last year, we can do better than a 25% increase in pay." I don't know all the numbers, but 33,000 people striking and 33 million works out to about 1k each. I don't think the CEO should get any bonus when the company is falling apart, but that is an idiotic justification to turn down a 25% raise. 2 4 hours ago They build crap anyway, so let them strike for a very long time. 2 2 PREMIUM 4 hours ago Boeing is Going....Going........and Gone! 2 1 4 hours ago Boeing union = cancer 2 2 5 hours ago The flying public can breathe a sigh of relief now that inferior Boeing aircraft won't be produced for a while. 2 1 PREMIUM 5 hours ago Great time to go on strike. Hope it breaks you 2 5 hours ago ...and poof there go all the union jobs. 2 5 hours ago Think of all the lives that will be saved by the Boeing workers not producing crappy jets. I hope this also affects the military genocidal attack aircraft too. 2 PREMIUM 5 hours ago Time for Boeing to mechanize their factories and end labor tyranny. The company gave them what they wanted and then they went on strike anyway. Greedy bastards. 2 5 hours ago Why it is so hard to put the "inflation cat" back into the bag once it gets out. Remember when we were told inflation was "transitory". ROFL!!!! 2 5 hours ago The world suddenly became a safer place. 2 6 hours ago Wen I can’t build anything that won’t crash to earth, the only solution, pay us more, nice optics. 2 5 hours ago And if you fly a plane at all, You're to high in case you stall, Just forget the plane, Go by boat or take the train. 4 hours ago Failure for higher pay and rewards. That's how our system works. Wall Street and the economic crisis of 2008? Bonuses. Those who changed policies for bad loans? Stayed in congress or retired to big money never admitting their mistakes. Team Bush-Cheney finally says attack on Iraq (and 9/11) was an intelligence failure. George Tenet gets a medal. 1 6 hours ago A pause in building defective aircraft? 2 6 hours ago Apparently being able to smoke and buy weed in the cafeteria was a deal breaker for mob boss of union. Fire them all and require drug testing to build the planes perhaps? 2 6 hours ago Boeing...(lulz)... 2 6 hours ago maybe the non DEI scabs will build planes that don't fall out of the sky eh? 2 6 hours ago (Edited) Elon should just buy it. $100 billion market cap. Probably $80 billion soon, if this drags on, or the union gets its way. 2 6 hours ago I hope they shut the union plants down and freaking send them to non-union states. F those dems. 2 6 hours ago About time (and probably too late). They should take their torches and pitchforks to upper management homes for what they did to Boeing over the years. 2 6 hours ago it was a union worker who did not put the bolts in the door. The CEO paid for bolts in the door. 1 4 hours ago I think there have also been a number of engineering problems--and these come from management decisions to cut corners. Management has also pushed DEI, which demoralizes the competent people and inclines them to leave, if they're not actively forced out. I'm not giving the DEI workers a pass, but the reason they're there is because of management. 1 6 hours ago Shut Boeing down. 2 7 hours ago (Edited) Why are they striking. Brandon has brought inflation down. Their democrap run cities are filled with people enjoying drug addiction and multicultural enrichment due to the open borders and millions of illegals. Besides their workmanship is CRAP. They have been building the same airplane for 50 years and they are still doing a third rate job of it. 2 7 hours ago Good, we're safer this way. 2 7 hours ago Based upon recent events. I do not believe a pay increase is appropriate. 2 7 hours ago Our quality is horrible and we want more money for that. 2 PREMIUM 7 hours ago (Edited) In the 70's Boeing was 90% of the Seattle/Everett/Renton area income for both people and governments,....and right about now, it's probably less than half of that number. Still a lot, but not "The last person to leave Seattle, please turn off the lights, bad!" Like it was in the 70's,..... 2 7 hours ago Judging from the performance of their planes and spacecraft, they are already way, way overpaid. 2 7 hours ago Wow good for them. They work for a ****ty company 2 7 hours ago Wth is happening in america... 2 1 7 hours ago Covid was the introduction of a psychological weapon designed to bring the US down in five years or less. You're seeing it in action. I expect the driving to become very bad, very soon. 6 1 7 hours ago no, its incompetence and greed. nobody is 'bringing it down'. 2 2 7 hours ago Soon? You must not drive much right now because driving skills have absolutely sucked for a long, long time. 4 1 6 hours ago (Edited) People still generally obey red and green. Yes, I drive a great deal. in fact, I study these things. There is a mathematical point where it becomes more dangerous to follow any single driving law than to violate one of them. Once you reach that percentage, you go to 100% of the people not obeying them if they are rational agents intent on self-preservation. The law effectively ends, in other words. What you don't realize is that (a) the percentage -- the tipping point -- is much lower than you would think (i.e., it doesn't leap from 80% to 100%, the gap is much wider, the leaping is wider) and (b) we are closer to it than you realize. It's not something to take lightly. Not talking about driving skills. Talking about the psychological expectations that normal people have when they get in a car being eliminated and replaced with total fear. Think about that for a while if you are inclined to be fast on the response draw, because that's the end of civil society, not just somewhat-reasonable insurance rates. 6 hours ago I spent some time in South Korea. The driving is like what you describe. Red lights are "optional". I even heard of one person who sat at a red light, got rear-ended, and the cop wrote him up for not running the red light. Red lights and stop signs were not mandatory. 5 hours ago Sounds like chaos. 3 hours ago Yes but that is a homogeneous society, where the people have no conception of out-group or outsider. "That's just how we do things in Korea, we're Koreans." Won't play out the same here. You have different cultural expectations on the part of whites of an orderly society where laws are followed. As knowledge spreads that this is no longer necessary -- or even dangerous -- you will see whites lose their ****, because their psychological health depends upon a panoply of subconscious assumptions about How the World Works that the destruction of those assumptions by reality (soon), will cause massive psychological damage. Losing a world, having your model of reality begin to come apart on a collective scale is how you get the French and Russian Revolutions. 7 hours ago Globalism forced on the demoralised masses. Those who know and speak up are dissidents to the billionaires at the top of their apex and treated accordingly by the occupational govts they put in place. 4 16 minutes ago The primary concern should be to produce quality products. This is obviously not the case. Therefore, the cannibalization begins. It's just as well though. To hell with Boeing, their planes, their crappy space products, their inept management and their dumbass workers. 2 40 minutes ago Boeing will be nationalized. Remember the Ford/GM bailouts? Stockholders will take it in the heinie. 1 49 minutes ago Crash and Burn, shareholders! 1 51 minutes ago Trump should be hammering this, linking union's perhaps reasonable pay increase demand, to Bidenomics inflation crucifying it's workers. The northwest is not exactly middle class friendly in terms of rent, gas, all kinds of insurance, food, student debt, and on and on. 1 58 minutes ago Their planes are junk too. 1 53 minutes ago At least with the machinists out nobody will be forgetting to put the bolts in the door plugs.. 1 59 minutes ago What does Boeing make? Can't seem to remember. 1 32 minutes ago Flying augers. 1 hour ago Likely get downgraded, fall some moar, then a bailout at our expense. 1 1 hour ago Boeing has been producing junk for some time... 1 1 hour ago Boeing should relocate all production to Japan. 1 25 minutes ago Actually a good idea 1 hour ago >> Boeing's rating is one step above the speculative grade, which is also known as "junk." The company has emphasized the importance of maintaining its investment-grade rating, showcasing in every quarterly earnings presentations, such as the latest one... << What a sad joke this company has become! There oughta be a law against the kind of corruption and rank incompetence we've seen over the past 7 or 8 years at Boeing. 1 1 hour ago Not 7 or 8 years. They haven't done anything respectable in over 25 years. Remember Darleen Druyun? She and her nepotism family screwed up the K-46 tanker deal, and we're still dealing with that POS. Between leaking like a sieve and an inoperable boom operator station, it's useless. 3 1 hour ago How much are they making now? 1 1 hour ago When you ask them they get angry and yell something about the "union strike fund". Which will net them about $7 per day for a couple weeks. 1 hour ago Boeing just needs to hire scabs crossing the southern border. 1 1 hour ago Haitians need jobs too... 3 hours ago Boeing is screwed. Since they are considered a vital part of the MIC, they can't just fire everybody and pack up and move to Mexico, no they are anchored to the USA, and the unionized workforce that goes along with it. Management has no leverage over it's workers at all, so they will eventually do what they have always done: Cave to the unions demands. 1 4 hours ago (Edited) Interesting that foreign workers who have a superior work ethic would be ecstatic to make the pay & benefits that Boeing workers do. More Union leftist entitlement mentality on display. When their jobs go somewhere else then they will cry how unfair it is. 1 3 4 hours ago you knew they were going to die when they moved to DC 1 4 hours ago I don't see why every worker doesn't deserve a wall street, MLB, NBA, etc package! 1 4 hours ago 25%? The union is demanding 40%. Pay raises stagnated for union employees in Seattle? Welcome to the club where we realize our pay for decades of experience is only slightly more than fast food and store clerks. 1 5 hours ago The *** economy tends to make it difficult for people to live normal lives. 1 5 hours ago Boeing. AND...........IT'S GONE! 1 PREMIUM 4 hours ago Ha, you beat me to it. 5 hours ago Unionized Boeing workers have approved a strike. IAM 751 says 33,000+ workers in Washington will stop work at midnight: KUOW They can use the downtime to learn how to make airplanes that fly. HAHAHAHAHA! This is actually fantastic news. The less planes Boeing builds, the safer the world actually is. 1 5 hours ago Got to say it, I feel safer. 1 1 5 hours ago Less for more is the theme of the day in groceries and Boeing engineering/quality control. **** around and find out, that Airbus will be more than happy to pick up the slack. 1 5 hours ago So their spacecraft is a public embarrassment and they go on strike? 1 5 hours ago What happened to America? At one time it was thought Boeing was the finest company in the world. "We ain;t going back". Well progressives this ain't progress. The old George Smiley quote from Smiley's People, those that "confuse progress with hopping up and down". 1 6 hours ago Biden going to join them on the picket line? 1 6 hours ago UAW: hold my beer 1 6 hours ago (Edited) Your Brothers in the United Steelworkers camp are by your side. 1 6 hours ago They don't even appreciate the fact that their replacements are housed in temporary hotels across the country ~ Waiting for another Biden strike bust up. 1 6 hours ago Completely Russian, beauty. https://www.youtube.com/watch?v=6q8RFnU5iVw 1 6 hours ago no pop off door features... 2 6 hours ago They are also able to take astronauts to and from the space station consistantly. 6 hours ago Novel feature: it lands with as many wheels as it took off with. 4 6 hours ago Boomer's will pay up just like they did with housing. No travel or shelter for you!!! 1 PREMIUM 6 hours ago "No soup for you!" https://www.youtube.com/watch?v=RqlQYBcsq54 ~Seinfeld 1 7 hours ago of topic but still: Younger man (a terrorist supporter) running at full tilt selecting out an older overweight man and the victim gets charged. Welcome to the new America, right? Where if you defend yourself, you are the criminal. SMH https://defiantamerica.com/video-pro-israel-protester-shoots-pro-hamas-demonstrator-was-it-self-defense/ 1 6 hours ago This is Massachusetts, where you right to bear arms is limited and your right to use them is non-existent. MA got away with this legal regime, because MA had been a very high trust, and White, society. News flash for MA residents, your high trust society is going away. Good luck with antiquated laws. 3 7 hours ago Takes a lot of good workers to make that catastrophically poor junk. 1 7 hours ago That room sure doesn't look like a Boeing advert, with Black, and Brown faces everywhere. LOL 1 7 hours ago Three years from now the rate of safety incidents will drop precipitously for a time and none of the experts will be able to say why. 1 7 hours ago Glad I didn't BTFD. 1 7 hours ago Vote for Kamala. You'll be making big bank by early next year! 1 1 58 seconds ago Boeing management is sub-par. Perhaps some serious management restructuring. Maybe some divestment. 23 minutes ago Passenger lives matter! 31 minutes ago (Edited) Where is the u.s downgrade...?? You have became a DDR... 31 minutes ago Oh look. They have a photo of the only White guy still working there. The guy sitting holding the picket sign beside the overweight Nigerian with the beard. 43 minutes ago These machinists are freaks. Who wants to fly in a plane made by men with a beard a foot long? Let them stay on strike. Boeing is making crap planes anyway. Airbus is making the world's best jets. I've flown in both. 44 minutes ago BA IS BK without gubmint support in the end. Maybe they outta sell some equity to shore em up. 57 minutes ago What's to stop Boeing from replacing or outsourcing them? 1 hour ago (Edited) I guess everyone forgot what happened 16 years ago with the last strike.. Even with the subsequent raises it took almost 10 years to make up the pay loss while walking the picket lines.. "so much for winning.. " ?? Lots of relatively new cars with "Take over payments" signs in the windshield will soon be adorning our street corners and parking lots.. 30 minutes ago That **** isn't going to work with the car under water as it is at the current loan principal. I'll wait for the fire sales from the banks at the auctions. I won't even START getting excited until I see 50% off. 1 hour ago Considering how stupid Boeing CEOs and Executive Board have been, the workers are correct to strike. 1 hour ago Airbus can use the massive Everett assembly plant to build the A320 family of planes because it has a massive backlog of orders. But build them without Lazy B workers. 1 hour ago Airbus already has a FAL in Mobile with 2 assembly lines... Non union BTW 2 8 minutes ago FAL - Flight Assembly Line ??? 1 hour ago Strike will be called off by Xiden, they need Boeing military hardware like airplanes and missiles too much. They're using dozens each day in Ukraine and Gaza, and salivating over the prospect of Taiwan. PREMIUM 1 hour ago Anybody relying on S&P, Moodys, etc deserve to get their butts handed to them. The companies pay for their own ratings. An intrinsic conflict of interest . The 1989 S&L Crisis and the '08 GFC should have removed any doubt. Now for my token good deed for the year. Weiss ratings has been better because they don't rely on the companies' reviewed for their income. 1 hour ago Good. I can't stop laughing. 1 hour ago “The jar is round.” “The glass is round,”, “Why not call it Roundtine”. “That’s GOLD Jerry, GOLD” 2 hours ago It's not just Boeing management that is responsible for Boeings failures. Boeing employees bear just as much of the blame. It's not management that does shoddy work. They may let it slip by, but it is those Boeing workers who are doing poor work on the lines. Nobody should imagine that Boeing employees care less about what they can extract from the company than management does. Nobody should imagine that Boeing employees care any more about Boeing products than management does no matter how much they thump their chests. PREMIUM 2 hours ago It’s a deep state **** corrupt company which is only made worse by the unions. 4 hours ago Either way, another financial drain on the company so they will need to cut corners elsewhere. Seems like they have already cut too many corners, degrading their products. 4 hours ago We’re saved!!! Yey Team #Airbus #Bombardier 4 hours ago How did their CEO end up in zanzibar in a shipping crate, anyway? Hmmmm....(chin scratch) 4 hours ago 'Boeing Union Workers Go On Strike', how could you tell? 4 hours ago It's boeing, boeing, bong...without E, I and even a little bit of vitamin D...they'll take a hit on this one... PREMIUM 5 hours ago Always wondered why Boeing moved its headquarters. Now it all makes sense. 5 hours ago Actually, that was the beginning of what you see today. Pay attention. 1 PREMIUM 5 hours ago I left off the /s thought it was obvious. 5 hours ago More Leftist Government support or goodbye Boeing ? 4 hours ago Bailouts. Too big to fail; too big to jail. 2 PREMIUM 5 hours ago Boeing Arrius: Now listen to me, all of you. You are all union men. We keep you workin to serve this company. So work well, and live. 5 hours ago Good news? They can’t make junk Bad News? There isn’t any 5 hours ago Company is toast, the Biden Harris recession will finish it off, probably a good thing. 4 hours ago I doubt it. They'll throw billions at it for a big bailout. And then they'll crow about saving jobs. 5 hours ago *33*,000? There’s that svfpiciovs nvmber again. Ordo Ab Chao by the same old infantile souls. I hope they grow up sooner rather than later. PREMIUM 5 hours ago "which represents 33,000 Boeing employees at factories near Seattle and elsewhere," Interesting number... 5 hours ago Told ya. John Madden 6 hours ago Thank goodness we still have Lockheed Martin and the other aircraft manufacturers. Yuk, yuk.. 6 hours ago The inflation of recent years has left many workers feeling cheated. It is common knowledge that studies show wages have not kept pace with the cost of living over the years. Much of the pain inflicted on Americans has taken place in just the last few years and that is why the private sector is strongly motivated to catch up. The recent UPS agreement is now the new bar supporting major wage increases for many union workers. More on this subject below. https://Workers Want The Same Thing UPS Got, This Is The New Bar .html 6 hours ago Bankruptcy is now inevitable. Probably always was, but a yet to be seen horrid union contract is the icing on the cake. 6 hours ago Just came here to see what they look like. 7 hours ago What an opportunity for lunch bucket Joe to use his superlative skills for high level, intricate master negotiations to step in and resolve a situation that impacts his loyal union backers and national security concerns. Thank goodness he will have KH as the last person in the room to make sure he is successful in preserving a failing company. This is what Joe was born for. What a guy. 7 hours ago I believe BA stock is near valueless already.