Boeing Girds for Long Strike as Gig Economy Gives Workers Clout.

PICKETING; BOEING Co.; LABOR disputes; INTERNATIONAL Association of Machinists & Aerospace Workers; MARKET tightness; AIRPLANE manufacturing; STRIKES & lockouts; JOB skills; GIG economy; EMPLOYMENT practices

Boeing and its factory workers in Seattle are preparing for a labor dispute that could have significant financial consequences for both sides. The 33,000 members of IAM District 751 have the advantage of a tight labor market and the gig economy, which offers alternative job opportunities. The strike is costing Boeing an estimated $100 million per day, and the workers are pushing for higher wages and benefits. With a strong labor market in Washington and the availability of temporary work, the workers are prepared for a long strike. Boeing is implementing cost-cutting measures to conserve cash, including unpaid leave for employees and potential equity sales. The strike at Boeing reflects broader issues in the American labor movement, such as lost pensions and stagnant wages. The Biden Administration is monitoring the strike and offering support to bring the parties back to the negotiating table. The strike is also influenced by past labor disputes and a controversial 2014 contract extension that limited the union's leverage. Boeing's financial situation and lack of new jet development programs limit its options in the negotiations. Striking workers are receiving job offers from Airbus and Blue Origin, and they are using social media to stay connected and maintain morale. The workers are seeking a fair contract and a change in Boeing's treatment of its employees. [Extracted from the article]

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