Boeing unions talk contracts with investors
Tuesday, July 29, 2008 | 12:01 am
Representatives from Boeing’s Machinists and engineers unions will talk with investors Tuesday morning about upcoming contract negotiations with the aerospace company.
Boeing’s contract with the Machinists runs out Sept. 3. Its contract with SPEEA expires Dec. 1.
Last week, when downgrading Boeing’s stock, a Cowen & Co. analyst noted the pending negotiations as cause for concern about Boeing.
Boeing’s Doug Kight said during a recent talk with Machinists that the company will have its contract proposal ready early – prior to Labor Day. Boeing has been adding new fact sheets on different hot button items: health care, pay.
Still, the Machinists are getting feisty. In an update on the union’s Web site, the Machinists leaders say Boeing has crossed the line in its efforts this year.
Quote: “They are having their managers ask inappropriate questions at crew meetings and have already violated the law and committed numerous Unfair Labor Practices. We believe they are doing this in an attempt to force a substandard contract on you.”
Boeing’s contract with the Machinists runs out Sept. 3. Its contract with SPEEA expires Dec. 1.
Last week, when downgrading Boeing’s stock, a Cowen & Co. analyst noted the pending negotiations as cause for concern about Boeing.
Boeing’s Doug Kight said during a recent talk with Machinists that the company will have its contract proposal ready early – prior to Labor Day. Boeing has been adding new fact sheets on different hot button items: health care, pay.
Still, the Machinists are getting feisty. In an update on the union’s Web site, the Machinists leaders say Boeing has crossed the line in its efforts this year.
Quote: “They are having their managers ask inappropriate questions at crew meetings and have already violated the law and committed numerous Unfair Labor Practices. We believe they are doing this in an attempt to force a substandard contract on you.”
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