Skip to content
City PM
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
Wednesday 09 October 2024 12:14 pm  |  Updated:  Wednesday 09 October 2024 12:16 pm

Boeing strike set to drag on after talks with union collapse

By: Guy Taylor

Transport Reporter

Add as a preferred source on Google
Boeing endured a torrid 2024 following the blow-out of a door panel on one of its 737 Max-9 jets used by Alaska Airlines.
Boeing endured a torrid 2024 following the blow-out of a door panel on one of its 737 Max-9 jets used by Alaska Airlines.

Boeing said it has withdrawn an offer of a pay rise for striking employees after negotiations with unions stalled.

The US plane maker said it had removed an offer that would have increased pay for its rank-and-file machinists by nearly a third over the next three years.

The International Association of Machinists and Aerospace Workers (IAM), which represents around 33,000 US workers, said Boeing was “hell-bent on standing on the non-negotiated offer” that its members rejected.

Boeing last month unveiled what it described as a “best and final” offer to the union, a 30 per cent pay rise over the next four years. The union is asking for a 40 per cent rise.

Over 90 per cent of now-striking workers rejected the offer of a 25 per cent pay hike over the next four years.

“The union made non-negotiable demands far in excess of what can be accepted if we are to remain competitive as a business,” Stephanie Pope, the head of Boeing’s commercial aeroplanes segment, said late on Tuesday in a letter addressed to employees, according to reports.

“Given that position, further negotiations do not make sense at this point and our offer has been withdrawn.”

Read more

Jobs crisis: UK unemployment to hit highest level in a decade

London office workers collaborating on AI and tech projects, surrounded by computers and digital interfaces in a modern wo...

The industrial dispute has piled pressure on Boeing at a time when it is grappling with a reputational crisis surrounding quality control.

The issues began in January after a door panel on an Alaska Airlines 737 Max aircraft blew out in the middle of a flight, forcing a dramatic emergency landing.

Shares have fallen over 38 per cent this year to date, with the fallout from the crisis ultimately forcing out chief executive Dave Calhoun and a number of other senior executives.

Boeing on Tuesday was confronted by another safety problem after the Federal Aviation Administration (FAA) issued safety alerts surrounding over 40 operators, which could be using Boeing 737 jets that contain faulty rudder components.

Aircraft deliveries in September came in substantially lower than the firm’s 10-year average of 50 planes per month, at only 33.

Read more

Heart Bingo Welcome Offer for June – 500 Bingo Tickets for New Users

Heart Bingo Welcome Offer

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business

People & Organisations

  • Airbus
  • aircraft leasing
  • Aviation
  • Boeing

Trending Articles

  • Revealed: Secret Treasury plan to tax State Pension before it is paid out

  • Burnham’s new chief of staff ran City firm advising Thames Water and rival Heathrow bidder

  • Reeves’ new tax charge on cash ISAs faces fierce industry backlash

  • Barclays and Lloyds join banking sector plan for digital ID

  • Two solicitors linked to Post Office scandal charged with misconduct

More from City PM

  • Jobs crisis: UK unemployment to hit highest level in a decade

    Business
    London office workers collaborating on AI and tech projects, surrounded by computers and digital interfaces in a modern wo...
  • Zero-hour crackdown could wipe out seasonal work, Labour warned

    Retail
    Labour MPs are being warned a “perfect storm” of costs facing the retail sector could see seats lost to Reform UK.
  • William Hill New Promo Code – £30 in Free Bets for New UK Users

    Betting
    William Hill sign up offer promotion banner with bold text highlighting exclusive bonuses for new customers 2023
  • Jenrick vows to partly undo Reeves’ £25bn employer NICs rise – for Britons

    Politics
    UK politician Robert Jenrick announces new tax cut policy at a press conference, standing at a podium with a flag backdrop.
  • talkSPORT BET Sign Up Offer: Bet £20 Get up to £40 in Free Bets on Football

    betting
    talkSPORT BET sign up offer details with promotional graphics and call-to-action button on a news/business website

City PM — European politics, business and analysis.

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Topics

  • Business
  • Markets
  • AI
  • Technology
  • Opinion
  • Energy

More

  • Politics
  • Economics
  • Fintech
  • Legal
  • Sport
  • Life

Company

  • About City PM
  • Contact
  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 City PM. All rights reserved.
About · Contact · Terms · Privacy