@@toethumbsmcgee3267masters of business administration. Basically people who play with spreadsheets instead of the engineers who actually design safe planes
you’re re missing the point, boeing wants the strikes to take longer so that they can escape delayed delivery penalties to their customers. observe after 45 days of strike, there’s a good deal and the stocks starts going up where the minions starts buying on the 44th day.
@@pranabgill1310 they have a fair couple finished undelivered 737s that need to go through testing. Those pilots and a decent few people are not union machinists, It needs minimal staff to run the last tests. If the plane passes, it get shipped. That backlog is only like 50 planes deep. Its gonna run out soon and that's when it starts hurting them because they need that backlog to maintain steady inflow especially since they are far behind in projected profits for the year. Give it another week and they will run out of planes. 5 more weeks and they cave and give at least 40% wages, and a ton of other benefits (probably not the pension but we will see, its something EVERYONBE wants, that I know personally).
@@Juvyss you're thinking of small gains, the company is already crippled. EVEN if (which they wont) boeing gives in and gives you the ransom now , they'll start moving towards South carolina and shift over time. The buzz is the realtor sector is that boeing is looking for land already.(I am a realtor). In the what world is $140k a year, $750 a year for medical, & a 401k that would leave someone with $2-3 Million dollars at 65 not enough? If you're fighting for pension, why? Why fight for a pension that paid ~50% of wages after 45 years, when we have a 401k that will pay 300%+? I am just saying, your union leaders are brainwashing you and playing tricks. They are drawing salary from the union, are they not? It doesn't matter to them how long the strike lasts. It's all about their ego and securing office for the next term.You seem like a rational guy, mark my words, you'll be cursing the union leaders in sometime.
Anything else beside pension is possible. Ipeople dig in it too much too emotionally There are several better alternatives employee retirement benefits.
@@PatamaGomutbutra the workers are too naive and innocent. The union leaders are using them like pawns and they can't even see through it.They ve thrown a perfectly good offer down the drain. This JON HOLDEN, will be disgraced eventually but he'll be filthy rich by then and it won't really matter by then.
Move on from pension - this is only wast your time for impossible dream. Focus on wage increase - even 70% is much more possible than getting pension back.
What people need to understand that positions have wage caps. You cannot expect a fast food worker making $40/hr without any other profession pay rate going exponentially higher.
No companies simply give raises and pensions. Rather, wage increases and pensions are always by predicated by demands by labor. The issue is Management and their labor relations "professionals" are frightened about having to justified their failed strategy. This is a typical of a MD leadership's failed course of action.
Boeing was already losing money (no profit) before the strike. Look at the financial statistics and you see a lot of negative numbers. The book value of the stock is negative $29.20 per share. Debt is nearly $60 billion. General Motors solved problems in 2009 through Chapter 11 bankruptcy. Shareholders were wiped out. GM issued new shares when it came out of bankruptcy. Sounds like that is where Boeing is headed.
@@ruinerblodsinn6648 Yes. Exactly. That is what Chapter 11 is all about. A basket of a company can wipe out shareholders and creditors and rise from the dead. GM did it and is still in business. Boeing will most likely do it and continue as a zombie company forever.
@@ruinerblodsinn6648 That is true. GM was too big to fail so it filed for Chapter 11 bankruptcy. Shareholders were wiped out and creditors took a major haircut. Boeing will most likely file for Chapter 11 and when it comes out of it in a year or two it will be able to continue making civilian planes and military weapons.
Exactly..dock workers salary is almost minimum wage whereas boeing workers are paid ALOT Who made this guy an expert? In the what world is $140k a year,(average) over years $750 a year for medical, & a 401k that would leave someone with $2-3 Million dollars at 65 not enough? If we are fighting for pension, why? Why fight for a pension that paid ~50% of wages after 45 years, when we have a 401k that will pay 300%+?
@@pranabgill1310 i read the dock workers avg was 39/hr. machinists avg is 36.50/hr. the starting wages are 16-26/hr, 6 month steps, 12 steps to max out. there are 11 grades. vast majority hire in at grade 2-6. most won't see above grade 6. WA COL has gone up 43.5%, housing is up 65%, home prices are up 228% since end of 2014, our wages have only risen 6% spread over the same 10year time frame.
The offer was submitted through improper channels. There are rules to negoations and Boeing doesn't care for following them. If they want to play the victim, no on is stopping them. Just like no one stopped them from their BILLIONS in stock buybacks.
Boeing’s Stephenie Pope whet home after 2 half shifts of hardball negotiations in NLRB sandbox while trying to get a presentation on second offer! It’s not an easy job and process can fall apart in the middle of speaking 😂like when movie director yells “Cut” and stops everything!
All Boeing employees working around Cacogenics, all the overtime employees that are forced to do. I'm surprised that the employees don't ask for a lot more like a lots more in every benefit available and contracts per employee like the NFL.
@@sociolocomtsac Boeing's other union (speea) has a pension, that's their engineering union. Though sentiment is that'll get nuked eventually too. It's wishful thinking imo to be demanding the pension back though I agree.
It would actually just help the local economy. You cant even purchase a home on a boeing paycheck anymore. Yet the Board and CEO'S are taking in tens of millions
Based on salaries from 2008 almost all Washington state workers have seen a 100% wage increase. Meanwhile. Boeing has seen about 35% in wage increases since 2008 due to the worst contract in the history of Boeing. In reality a 65% bump in pay at time of signing is necessary to bring Boeing wages back to where they should be. Then, 3-5% each year for the life of the contract.
Might be a good plan for Boeing to wait three months and except the loss of market share. Then start building slower and use the time to improve their product safety. With new employees trained carefully. Remember the ones on strike are the ones involved in all the mishaps.
"Remember the ones on strike are involved in all the mishaps." How do you know? As far as I hear, these mishaps happened because HQ is forcing unsafe workloads with little quality control on their production line. Why would new and untrained employees do any better in that environment? The fish stinks from its head.
@@Bogdanov-69please elaborate since you think you know what happened. 😂 I know exactly what happened and it was managment failure. Managers who dont know anything about production or how airplanes are built and dont want to know. They want to sign workers hours and count beans.
SKILL? The skill to cut corners that cause failures in everything from their airplanes to their space program???? LET this company fail, and fail hard. Then start a new one. TRUST is lost..
The union workers need to let go of Boeing, submit their resignations and go out and find jobs that will pay what they are demanding. Boeing needs to hire new workers who will happily work with the 6-digit income Boeing offered to the union workers. There will be some initial pain but shortly it will work out for Boeing and the union workers. They need to go their own separate ways. Problem solved. Thank you.
Boeing needs to dissolve all its union business sections permanently firing all workers reopen with non union workers and offer jobs to union workers who are willing to come back as non union
Unions are too greedy. When I was younger I worked for a grocery company that was a member of the union. Then I saw the company was relevant to the city, and I saw some members of the union workers were lazy and got fired and get their job back because of the union. This grocery company is no longer in business in my city because of the union demands.
Washington state 16 year minimum wage and average wage increase has been over 100% Boeing 16 year wage increase… Roughly 35% Employees also lost their pension to a questionable or bad faith contract signing while thousands of employees were on vacation.
Yes a commenter that can do basic math. I am with you a 99%. The pension things needs to go. Get the high 401K match and go for the higher wage and the match will scale to the wage.
Incredible! , these Fools are going to send the company to Brazil and maybe these Assembly Workers can make Toasters , maybe ! Dumb Union , Dumber Workers . Look , Air Bus Will makeup the short fall and a New Boeing with fewer workers and better quality will survive.
you can't build an airplane. Your company is at its weakest point, and all you can talk about is I can outlast Boeing in suffering. Would never hire someone like this in the first place. How about help your company back to profit then strike?
It doesn't work that way. Boeing took advantage of these workers for the last 12 years and had record profit years and instead of investing at all in its workers they spent Billions on stock buy backs. Boeing dug their own grave by greed
I am sure after this boeing has 6 yrs to move out or automation... this is insane ....the Chinese r going full automation, they will be curning out high quality planes at far lower price just like their EV
@@Juvyss Boeing will go under? When was the last time you saw our government let a company like Boeing go under? 40% of Boeings revenue is from military contracts.
Boeing is like Intel and SouthWest: another formerly great company destroyed by MBA’s who milked the cash cow dry.
what is MBA?
@@toethumbsmcgee3267
Just about to ask the same…
@@toethumbsmcgee3267Masters degree in Business Administration
Master degree in Business Administration. Sometimes referred to as "bean counters". @@toethumbsmcgee3267
@@toethumbsmcgee3267masters of business administration. Basically people who play with spreadsheets instead of the engineers who actually design safe planes
George Ferguson knows what he's talking about.
you’re re missing the point, boeing wants the strikes to take longer so that they can escape delayed delivery penalties to their customers. observe after 45 days of strike, there’s a good deal and the stocks starts going up where the minions starts buying on the 44th day.
@@myokimaru they delivered 33 737s DESPITE the strike.
@@pranabgill1310 they have a fair couple finished undelivered 737s that need to go through testing. Those pilots and a decent few people are not union machinists, It needs minimal staff to run the last tests. If the plane passes, it get shipped. That backlog is only like 50 planes deep. Its gonna run out soon and that's when it starts hurting them because they need that backlog to maintain steady inflow especially since they are far behind in projected profits for the year. Give it another week and they will run out of planes. 5 more weeks and they cave and give at least 40% wages, and a ton of other benefits (probably not the pension but we will see, its something EVERYONBE wants, that I know personally).
@@Juvyss you're thinking of small gains, the company is already crippled. EVEN if (which they wont) boeing gives in and gives you the ransom now , they'll start moving towards South carolina and shift over time. The buzz is the realtor sector is that boeing is looking for land already.(I am a realtor).
In the what world is $140k a year, $750 a year for medical, & a 401k that would leave someone with $2-3 Million dollars at 65 not enough?
If you're fighting for pension, why? Why fight for a pension that paid ~50% of wages after 45 years, when we have a 401k that will pay 300%+?
I am just saying, your union leaders are brainwashing you and playing tricks. They are drawing salary from the union, are they not? It doesn't matter to them how long the strike lasts. It's all about their ego and securing office for the next term.You seem like a rational guy, mark my words, you'll be cursing the union leaders in sometime.
Anything else beside pension is possible. Ipeople dig in it too much too emotionally There are several better alternatives employee retirement benefits.
@@PatamaGomutbutra the workers are too naive and innocent. The union leaders are using them like pawns and they can't even see through it.They ve thrown a perfectly good offer down the drain. This JON HOLDEN, will be disgraced eventually but he'll be filthy rich by then and it won't really matter by then.
you have to have the money to pay the increase.. and the pension??
Move on from pension - this is only wast your time for impossible dream. Focus on wage increase - even 70% is much more possible than getting pension back.
@@PatamaGomutbutra Listen to this person. Pensions aren't coming back. Just negotiate pay raises and Boeing will respond.
Failed companies don’t give raises or pay pensions.
What people need to understand that positions have wage caps.
You cannot expect a fast food worker making $40/hr without any other profession pay rate going exponentially higher.
Pensions are done with get over it
No companies simply give raises and pensions. Rather, wage increases and pensions are always by predicated by demands by labor. The issue is Management and their labor relations "professionals" are frightened about having to justified their failed strategy. This is a typical of a MD leadership's failed course of action.
Yeah they do! The Boeing CEO Dave Calhoun just got a 45% raise.
Defined-benefit pensions have destroyed companies which is why most companies have eliminated them.
Boeing was already losing money (no profit) before the strike. Look at the financial statistics and you see a lot of negative numbers. The book value of the stock is negative $29.20 per share. Debt is nearly $60 billion. General Motors solved problems in 2009 through Chapter 11 bankruptcy. Shareholders were wiped out. GM issued new shares when it came out of bankruptcy. Sounds like that is where Boeing is headed.
Boeing is too big to fail
@@ruinerblodsinn6648 Yes. Exactly. That is what Chapter 11 is all about. A basket of a company can wipe out shareholders and creditors and rise from the dead. GM did it and is still in business. Boeing will most likely do it and continue as a zombie company forever.
@@ruinerblodsinn6648 That is true. GM was too big to fail so it filed for Chapter 11 bankruptcy. Shareholders were wiped out and creditors took a major haircut. Boeing will most likely file for Chapter 11 and when it comes out of it in a year or two it will be able to continue making civilian planes and military weapons.
Every company says it can replace all of its employees easy easy......
30% of how much? 60% of how much? This a critical detail
Exactly..dock workers salary is almost minimum wage whereas boeing workers are paid ALOT
Who made this guy an expert?
In the what world is $140k a year,(average) over years $750 a year for medical, & a 401k that would leave someone with $2-3 Million dollars at 65 not enough?
If we are fighting for pension, why? Why fight for a pension that paid ~50% of wages after 45 years, when we have a 401k that will pay 300%+?
Boeing machinist employees' salary increase for the last 8 years has been .5% a year. Not even 1%. That is a critical detail
@@pranabgill1310 i read the dock workers avg was 39/hr. machinists avg is 36.50/hr. the starting wages are 16-26/hr, 6 month steps, 12 steps to max out. there are 11 grades. vast majority hire in at grade 2-6. most won't see above grade 6. WA COL has gone up 43.5%, housing is up 65%, home prices are up 228% since end of 2014, our wages have only risen 6% spread over the same 10year time frame.
@@theviking2877was that part of the contract? .5% for the last 8 years and why did you guys take it.
I don't think it's about 30% or 60%. It's about pension or no pension.
The last offer they withdrew was not legal to begin with so withdraw statement is really just postering for media sakes.
@@The_Living_Ham no thank you. Never voted yes on a contract ever. Never crossed and never will. In fact, I couldn’t wait for the strike to happen.
I can hold out for a year with ease SOOOO
Same man, my rent is 750, we get 1k a month. I spend maybe 1200 a month, and have 6k saved. I am absolutely fine 😂
The offer was submitted through improper channels. There are rules to negoations and Boeing doesn't care for following them. If they want to play the victim, no on is stopping them. Just like no one stopped them from their BILLIONS in stock buybacks.
Boeing’s Stephenie Pope whet home after 2 half shifts of hardball negotiations in NLRB sandbox while trying to get a presentation on second offer! It’s not an easy job and process can fall apart in the middle of speaking 😂like when movie director yells “Cut” and stops everything!
They want this company to fail.
All Boeing employees working around Cacogenics, all the overtime employees that are forced to do. I'm surprised that the employees don't ask for a lot more like a lots more in every benefit available and contracts per employee like the NFL.
How dare those workers want their pension back…
They offer 401Ks. No private company gives pensions because those that did went broke.
It indicate need of financial liturature and retirement plan should be a core course in high school.
@@sociolocomtsac Boeing's other union (speea) has a pension, that's their engineering union. Though sentiment is that'll get nuked eventually too. It's wishful thinking imo to be demanding the pension back though I agree.
going to Kansas city😂
40%
Listen to the man, Boeing. Pay your workers what they deserve, stop wasting Wall St's money.
I love AIRBUS.
Just give all workers 100% raises and see what that does for inflation.
It would actually just help the local economy. You cant even purchase a home on a boeing paycheck anymore. Yet the Board and CEO'S are taking in tens of millions
Based on salaries from 2008 almost all Washington state workers have seen a 100% wage increase.
Meanwhile. Boeing has seen about 35% in wage increases since 2008 due to the worst contract in the history of Boeing. In reality a 65% bump in pay at time of signing is necessary to bring Boeing wages back to where they should be. Then, 3-5% each year for the life of the contract.
As i predict Boeing is Doomed
May the Strike NEVER END!
Might be a good plan for Boeing to wait three months and except the loss of market share. Then start building slower and use the time to improve their product safety. With new employees trained carefully. Remember the ones on strike are the ones involved in all the mishaps.
"Remember the ones on strike are involved in all the mishaps." How do you know? As far as I hear, these mishaps happened because HQ is forcing unsafe workloads with little quality control on their production line. Why would new and untrained employees do any better in that environment?
The fish stinks from its head.
Walter Tunnel
Is this the same union that couldn't put 4 bolts in a door plug?
Actually that was a management failure not a failure of the mechanics. You need to get your story straight.
Lol management does not touch the planes. It was 100% the machinists you muppet@@1020donny
And that was Spirit contractors acting on bad management direction. No union members were involved.
It was a matter of union workers not following and documenting a rework process. So, yes... That same useless union.
@@Bogdanov-69please elaborate since you think you know what happened. 😂
I know exactly what happened and it was managment failure. Managers who dont know anything about production or how airplanes are built and dont want to know. They want to sign workers hours and count beans.
SKILL? The skill to cut corners that cause failures in everything from their airplanes to their space program???? LET this company fail, and fail hard. Then start a new one. TRUST is lost..
Keep it that way. I like it
The union workers need to let go of Boeing, submit their resignations and go out and find jobs that will pay what they are demanding. Boeing needs to hire new workers who will happily work with the 6-digit income Boeing offered to the union workers. There will be some initial pain but shortly it will work out for Boeing and the union workers. They need to go their own separate ways. Problem solved. Thank you.
That's called the free market. Who would have known?
One day longer, one day stronger.
…..and broker.
@@Clickbait540go get a part time job. Figure it out
@@Clickbait540 I got a good year of a strike in me finance wise, and most of us have alternate jobs lined up. Any way it goes we come out on top.
Second day 17,000 layoffs Ouch😅
@@The_Living_Ham What a waste of my time. I'm sure your father is proud. 🤢
Good time to short sell
Plus all of our products are going to expire cost money
I didn't even think of all the sealer.... Yeah that is going to hurt.
Boeing continues to lose skilled workers. That and pitting the other employees against the union is a mistake as well.
Boeing needs to dissolve all its union business sections permanently firing all workers reopen with non union workers and offer jobs to union workers who are willing to come back as non union
At least the CEO is making a lot of money. That's the only important thing in maga world.
Vote trump and the c e o won't even have to pay taxes
Unions are too greedy. When I was younger I worked for a grocery company that was a member of the union. Then I saw the company was relevant to the city, and I saw some members of the union workers were lazy and got fired and get their job back because of the union. This grocery company is no longer in business in my city because of the union demands.
Or they went out of business due to scab stores undercutting them. Like how WalMart operates and destroys local stores to establish a monopoly.
Washington state 16 year minimum wage and average wage increase has been over 100%
Boeing 16 year wage increase… Roughly 35%
Employees also lost their pension to a questionable or bad faith contract signing while thousands of employees were on vacation.
Yes a commenter that can do basic math. I am with you a 99%. The pension things needs to go. Get the high 401K match and go for the higher wage and the match will scale to the wage.
Incredible! , these Fools are going to send the company to Brazil and maybe these Assembly Workers can make Toasters , maybe ! Dumb Union , Dumber Workers . Look , Air Bus Will makeup the short fall and a New Boeing with fewer workers and better quality will survive.
One thing I'm sure right now, I can last till January without.
you can't build an airplane. Your company is at its weakest point, and all you can talk about is I can outlast Boeing in suffering. Would never hire someone like this in the first place. How about help your company back to profit then strike?
It doesn't work that way. Boeing took advantage of these workers for the last 12 years and had record profit years and instead of investing at all in its workers they spent Billions on stock buy backs. Boeing dug their own grave by greed
They've helped with profits for 16 yrs. Those profits went where?
@@zephyros867 The brain washing is strong in this one.
When Boeing was profitable, they used that profit to threaten workers into giving up the benefits and raises they are trying to reclaim now.
If you think your skill is valuable and under pay, fell free to get another at any time
I am sure after this boeing has 6 yrs to move out or automation... this is insane ....the Chinese r going full automation, they will be curning out high quality planes at far lower price just like their EV
This comment is insane. No way you can build an airplane on full automation.
Automation / Computer programming will replace almost every other worker in America before automation can replace all the work done at Boeing.
Full automation still requires help from people to maintain th robots. No such thing as full automation
@@mr.b6629 that's what everyone said...but watch the Chinese
@@SeanSampson-h9c I agree...at the rate...they will be replace by Airbus or C919
As a boeing union member I can surive the strike without any difficultly for atleast 4 more months. and if i uber i could do it indefinately
After 4 months, you will be enjoy the new career as an Uber driver full rime. Congrad
@@PatamaGomutbutra true cause boeing would go under, good thing boeing wont go under and will cave.
@@Juvyss Boeing will go under? When was the last time you saw our government let a company like Boeing go under? 40% of Boeings revenue is from military contracts.
You hang in there. Push for that 40% but I hope you guys drop the pension thing. That is like asking to bring back cassette tapes.
@@squirrelturds2823 and guess who works on those military contracts? A spoiler, the people striking.