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To avoid strike, Boeing promises 25% pay hike—and to build next jet in Seattle
Boeing is hoping to avoid a strike Friday with a tentative deal reached Sunday with the Machinists union representing 33,000 of its West Coast employees fighting for better wages and working conditions. If Boeing employees agree to the deal in a vote Thursday, their new contract will provide the "largest-ever general wage increase" in the company's history, Boeing Commercial Airplanes president and CEO Stephanie Pope said in a press release. (arstechnica.com) More...Sort type: [Top] [Newest]
A 25% increase in salary over 4 years is peanuts compared to the 45% raise they gave to the CEO that has managed to run the company into the ground. $33 Million to do nothing to help The Boeing Co. How about taking care of the people that actually make the money for this company. They are working under a contract that was written 16 years ago! That means no substantial wage increases, only minimal cost of living increases that in no way have kept up with the failing economy. Yes, there have been problems, but MOST of the time those problems are NOT caused by the mechanics that are working under this contract. Do they get paid well? Yes, as they should! THEY BUILD AIRPLANES that carry millions of people around the world!
Is it the CEO assembling planes that the doors and wheels fall off of or the outstanding workers that think they deserve a raise?
Let’s do the math. 1 CEO, $33 million. 170,000 employees worldwide. Take $33 million away from the CEO, split it 170,000 ways, that’s about $20 apiece. Is that your plan?
No, $200.
George, you are correct (once you fixed your math). Regardless of whether CEOs actually deserve those exorbitant salaries or not, the idea that those huge salaries are significantly coming out of the pockets of the workers is a myth that is propagated by politicians and labor organizations to create class-warfare and serve their own agenda. Sure, $200 into each worker's pocket would make for a nice little chunk of beer money for the Christmas party at the end of the year, but it wouldn't be enough to make them satisfied. So, let's get a grip on just how much money is, and is not, going into everybody's pockets in the grand scheme of things when we're talking about worker and executive salaries.
"THEY BUILD AIRPLANES that carry millions of people around the world!" And a growing number of aircraft that can only make as far as their crash site...
...that's a cold commend...