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Reading: Boeing begins layoffs amid labor union strike, controversy over CEO’s residence buy: ‘Very troublesome time’
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The Wall Street Publication > Blog > Economy > Boeing begins layoffs amid labor union strike, controversy over CEO’s residence buy: ‘Very troublesome time’
Economy

Boeing begins layoffs amid labor union strike, controversy over CEO’s residence buy: ‘Very troublesome time’

Editorial Board Published September 18, 2024
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Boeing begins layoffs amid labor union strike, controversy over CEO’s residence buy: ‘Very troublesome time’
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Boeing CEO Kelly Ortberg moved to Seattle whereas 33,000 of the corporate’s employees took to the picket line. (Credit score: Derrick Louie with Readability Northwest Pictures & Laura Halliday with Realogics Sotheby’s Worldwide Realty and KCPQ)

A strike signal is pictured outdoors a Boeing manufacturing unit on September 13, 2024 in Renton, Washington. The Boeing Machinists union voted overwhelmingly to reject the airplane maker’s contract provide and strike. (Stephen Brashear/Getty Pictures)

The CEO established in writing that his plan to steer the troubled aerospace firm by means of the strike is to keep away from taking “any actions that inhibit our ability to fully recover in the future.”

Ortberg additionally clarified that manufacturing on the Boeing 787 will proceed all through the strike, which he acknowledged as “prioritized.”

BOEING WORKERS VOTE TO STRIKE AFTER CONTRACT NEGOTIATIONS REJECTED BY MEMBERS

This previous week, Ortberg closed on a $4.1 million residence in a gated neighborhood in Seattle to be nearer the flagship factories for Boeing.

The opulent buy from their new CEO has been criticized by Boeing employees as proof the corporate will pay their employees extra.

Boeing worker holds up fist during labor union strike

Union members react as Aerospace Machinists District 751 President Jon Holden (out of body) pronounces that union members rejected a proposed Boeing contract and can go on strike, following voting outcomes at their union corridor in Seattle, Washington, (Jason Redmond / AFP through Getty Pictures / Getty Pictures)

“We know they got the money. If they can pay the CEO, they can pay us too,” Boeing employee Ethel Dominique informed FOX 13 Seattle on Friday.

“You know, we’re not asking for much. And we’re happy that he can afford a nice new mansion, some of us can’t. Some of us are paycheck to paycheck,” added Dominique.

Boeing workers on strike

Staff picket outdoors a Boeing Co. facility throughout a strike in Everett, Washington, US, on Monday, Sept. 16, 2024. Boeing Co. manufacturing unit employees walked off the job for the primary time in 16 years, halting manufacturing throughout the planemaker’s Seattle hu (M. Scott Brauer/Bloomberg through Getty Pictures)

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