Boeing looks to raise additional $25 billion as company, government and union bureaucrats aim to end strike
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Boeing seeks to raise $25 billion to outlast 33,000 striking machinists; strike began on September 13, 2024; Boeing has lost nearly $5 billion due to the strike; Emirates airline president Tim Clark warns of potential bankruptcy; workers demand a 40% pay increase and restoration of pensions; Boeing offered a 30% raise before withdrawing; Acting Labor Secretary Julie Su met with IAM and Boeing leaders to urge negotiations; IAM leadership's rally on October 15, 2024, showed worker militancy; IAM President Jon Holden earned $225,000 last year; Senator Maria Cantwell received $200,000 from Boeing's PAC; workers need independent strategies to fight against Boeing and union bureaucracy.

#Boeing #Strike #Labor #Union #Iam #Finance #Government #Workers #Pensions #PayIncrease

https://www.wsws.org/en/articles/2024/10/16/skze-o16.html