Strict Standards: call_user_func_array() expects parameter 1 to be a valid callback, non-static method GoogleSitemapGeneratorLoader::Enable() should not be called statically in /home/cfolounge/ on line 311
After 57 Days, Boeing Is Back Online | CFO Lounge

After 57 Days, Boeing Is Back Online

Sun, Nov 2, 2008

Down to Business

Some of the key deal points reached today between Boeing and the machinist union:

  • 15% raise over four years (sounds fair)
  • Union workers will do the delivery work that suppliers would generally handle (this sounds like bullshit)
  • Maintenance workers can’t get canned if subcontractors are doing similar work (bullshit)

The union cost Boeing $10.3 million per day (over $.5 billion over eight weeks) and stock is down 21%.  You tell me whether you think unions are good for America.  I think not.

This post was written by:

Chad Cohen - who has written 51 posts on CFO Lounge.

Contact the author

Leave a Reply