Striking machinists at Boeing will vote Wednesday on a new contract proposal that includes a 35% pay hike over four years that could end a costly five-week-old strike, the company and union said Saturday.
Hike? Rise. Too low.
I’m not sure the business has the $$ to support all of the union requests (Should they? Yes, but good ol’ Dave really did a number on the business). They should offer to attempt claw back the last 3 CEO departure packages as a guesture of good will if they can’t meet union requests.
OR the c-suite should make less goddamn money and understand that taking care of their employees benefits their share price more in the long run. That would require they learn how to run a fucking business though.
They spent $70 billion in stock buybacks in the last decade. Start there. Just sell the stock.
Yes. This. The stock buybacks drained cash for investment in production and was a reason to keep salaries depressed and to seek further cost cuts. Stocks buybacks were used because management could not convince investors that improvements were needed after using every Jack Welch trick and wanted a quick way to propel the share price, which has backfired in spectacular and lasting ways
Too low, hold
Oooh I thought the last time you offered the EXACT SAME TERMS and got told to fuck off, you told them they’d never see as good of a deal again, Boeing?
Fuck you, pay them.
