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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.


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