Boeing company is facing a union crisis

Boeing has reached a historic labor agreement with union workers, avoiding a potential catastrophic strike. The temporary agreement for the next four years' contract still needs to be approved by workers in the vote. The agreement guarantees a 25% increase in wages for Pacific Northwest union employees during the contract period and promises that the company's next aircraft will be produced in the region.

Firstly, if approved by approximately 32000 Boeing workers, the agreement will prevent strikes as they could have a negative impact on the company as it continues to struggle with a range of negative news and poor stock performance. If approved by approximately 32000 Boeing employees, the agreement will prevent a shutdown that could have a negative impact on the company due to continuing to deal with a series of negative news and poor stock performance. The first comprehensive labor management agreement in 16 years also includes better retirement benefits and grants unions greater investment in production system safety and quality. The union claims that this is the best contract ever negotiated and that union workers are committed to manufacturing high-quality aircraft.

Secondly, the temporary agreement was reached during a difficult year for Boeing, which still faces the impact of aircraft safety issues. In January of this year, during a flight from Portland, Oregon by Alaska Airlines, the hatch of one of the company's 737 Max aircraft burst in mid air. Although no one was seriously injured, this incident has once again raised questions about the company's quality control. In July, the company agreed to pay a fine of $243.6 million, which is based on the $243 million fine already paid. This fine is related to the crashes of two 737 Max aircraft in 2018 and 2019, which caused a total of 346 deaths. According to reports, in the same month, the airline manufacturer reported a second quarter loss of $1.44 billion, a significant decrease from the $149 million loss in the same period last year.

On the other hand, Boeing's aerospace division and interstellar aircraft project have been closely monitored. The interstellar passenger plane encountered technical difficulties after taking off in June, with two astronauts waiting in space for a competitor's spacecraft to pick it up. Boeing once received most of the funding for NASA's commercial manned spaceflight program. Since then, the company has lost another $1.6 billion on the StarCraft project.

In addition, the agreement also includes increased job security for union members and a commitment to produce the next new aircraft at one of the factories with union representatives in the Phuket Bay area. Boeing has a non union factory in South Carolina where it produces the 787 Dreamliner. In the last two contract agreements signed with Boeing, the union had to accept some concessions, such as terminating the traditional pension plan and increasing employee contributions to healthcare. In exchange, the company abandoned the threat of producing the planned 737 Max and 777X jets at a new non union factory.

Overall, the contract covers commercial aircraft production workers at Boeing's three factories in the Seattle area, as well as approximately 1200 workers at Boeing's parts factory located in Portland, Oregon. Ordinary union members will have the opportunity to vote on the temporary agreement on Thursday, and a vote against it may lead to a strike. This situation has also occurred in some recent labor agreements of other companies, but union leaders suggest that union members vote in support of the agreement. Union leaders appreciate the proposed contract as it promises workers a greater role in ensuring the safety and quality of the production system, which has long been advocated by the union.