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<< Previous   of   Next >>   ADVERTISEMENT   CONTACT THE HERALD Mike Benbow, Business Editor benbow@heraldnet.com   Published: Monday, October 6, 2008 CEO McNerney says strike hurts Boeing reputation Associated Press SEATTLE -- Boeing chief executive Jim McNerney says the Machinists union strike is undermining the company's reputation for reliability. McNerney issued a memorandum to all Boeing employees Monday, saying repeated strikes could cause the nation's aerospace industry to go the way of auto makers in Detroit. His note does not discuss three of the top four issues in the dispute -- pay, retirement benefits or medical care -- except in general terms. Instead, McNerney focused on the fourth, outsourcing and job security. He writes that U.S. auto manufacturers damaged themselves in past years by agreeing to job guarantees, along with high wages and benefits. McNerney adds, "we cannot sacrifice our long-term competitiveness for expedience in a short-term agreement to end the walkout."

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