Author(s):
Tiffany Ten Eyck
Excerpt:
Aircraft maker Boeing has been groaning under a $275 million backlog of orders for new airplanes that waste less fuel. The company booked a $4.1 billion profit last year, and its principal union, the Machinists (IAM), says Boeing’s profits have soared by 828 percent in recent years.But all that cash didn’t stop the company from demanding concessions from 27,000 employees. IAM members called the company’s bluff and struck, after rejecting a final offer on September 4 with an 80 percent vote....
Available Online:
Yes