
SEATTLE, Sept. 2 (UPI) -- U.S. aerospace giant Boeing Co. faced its first major strike in 10 years Friday as members of its largest union began a national strike.
The 18,300-member International Association of Machinists and Aerospace Workers rejected by an 86 percent majority a three-year contract offer from Boeing, the Wall Street Journal reported.
The large strike vote buoyed the union's leadership.
"We're willing to bargain but the ante just went up on our return," union president Mark Blondin said.
Jet production has been halted, and financial analysts say the strike could cost the airline as much as $70 million per day.
If the strike goes more than two weeks, it could prompt Boeing to move the strikers' work offshore, analysts said. The company has long complained of the cost of conducting their planes final assembly in the Pacific Northwest.
The last time the machinists struck was in 1995.
|
|
|
|
|
|
| Additional Business News Stories | |
WASHINGTON, May 23 (UPI) --
The planned Keystone XL oil pipeline would move oil away from refineries that produce gasoline, increasing prices, the National Resource Defense Council says.
|
ORLANDO, Fla., May 23 (UPI) --
A new labor agreement between Lockheed Martin and workers at three company facilities has been ratified and is now in effect.
|
The housing inventory rose slightly in April, which is unusual in the middle of the spring sales season. The uptick may be the result of rising seller confidence and it should ease concerns that the super tight inventory levels of the last six months...
|
What if Europe turned out to be the new Japan?
|
| Stories | Photos | People | Comments |
View Caption