International Association of Machinists and Aerospace Workers Say Long-Awaited Contract Negotiations For 32,000 IAM Members At Boeing In The Pacific Northwest Have Begun In Seattle; A Strike Sanction Vote, Which Authorizes A Strike If A Collective Bargaining Agreement Is Not Reached, Will Take Place On July 17; Pushing For Many Priorities, Including Increasing Wages At Least 40% Over 3-4 Years
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Contract negotiations for 32,000 IAM members at Boeing in the Pacific Northwest have started in Seattle. A strike sanction vote is scheduled for July 17, aiming for at least a 40% wage increase over 3-4 years.
March 12, 2024 | 7:56 pm
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Boeing enters crucial labor negotiations with IAM, with a potential strike on the horizon if demands, including a significant wage increase, are not met.
Labor negotiations, especially those involving a significant number of employees and substantial wage demands, can lead to operational disruptions if not resolved amicably. The potential for a strike, as indicated by the scheduled strike sanction vote, adds pressure on Boeing to reach an agreement. Such situations typically create uncertainty around a company's stock, potentially leading to a negative short-term impact on its share price due to concerns over production delays and financial implications of the demanded wage increases.
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