Boeing Workers Rally in Seattle, Demanding Higher Wages and Pensions
Boeing strike continues in Seattle on Tuesday, intensifying their calls for better wages and pensions. The protest increases pressure on new CEO Kelly Ortberg to resolve the ongoing strike, which has worsened Boeing’s financial troubles.
Thousands of unionised workers have been on strike since mid-September, halting production of Boeing’s key aircraft, including the 737 MAX. As the company faces growing economic challenges, the workers remain firm in their demands for fairer compensation.
Workers Demand Higher Wages and Pension Security
The rally saw hundreds of workers gathering at their union headquarters, chanting for improved pensions. Despite Boeing’s announcement of 17,000 job cuts, the workers made it clear they would continue fighting for wage increases and pension benefits. They are demanding a 40% wage increase over four years. One worker, Matthew Wright, emphasised that they would not be intimidated by the company’s job reduction plans, stating, “We’re not afraid of them.”
Members of the International Association of Machinists and Aerospace Workers (IAM) have been holding regular picket lines, pushing for their demands to be met. Workers carried signs saying, “No Pension, No Wrenching,” highlighting their determination not to work without better benefits.
Political Pressure Mounts on Boeing
Prominent Washington state Democrats, including U.S. Senators Maria Cantwell and Patty Murray, have urged both sides to reach a deal. Their letter, published on X, called for a resolution that acknowledges the essential work of the employees. U.S. Representative Pramila Jayapal addressed the rally, criticising Boeing’s handling of the strike. She challenged Ortberg to resolve the conflict and give workers the contract they deserve.
Julie Su, Acting U.S. Labor Secretary, visited Seattle earlier this week to mediate the situation. However, talks have stalled, with both Boeing and the union accusing each other of unfair labour practices.
Boeing Faces Financial Strain Amid Strike
As Boeing struggles with the strike and its financial woes, it announced plans to raise $25 billion through stock and debt offerings over the next three years. The company also secured a $10 billion credit agreement to help manage its financial challenges. Despite these efforts, Boeing shares have fallen by over 40% since January, largely due to operational issues and mounting production delays.
The union and Boeing leadership remain at odds. Last week, Boeing withdrew its latest offer of a 30% wage increase over four years, further deepening the conflict. The situation remains tense, with workers standing firm in their demands as Boeing looks to cut costs and navigate through the financial crisis.
