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Practically 2,500 members of a union that represents three Boeing (NYSE:BA) protection vegetation within the St. Louis space voted Sunday to reject the corporate’s contract provide and plan to strike beginning August 1.
Employees on the three vegetation in Missouri and Mascoutah, Illinois, construct navy plane together with the F-15, F-18, T-7A coach and MQ-25 unmanned refueler.
The Worldwide Affiliation of Machinists and Aerospace Employees District 837 union mentioned the corporate beforehand took away its members’ pensions and isn’t pretty compensating their 401(okay) plans.
The strike vote might foreshadow tough negotiations for Boeing (BA) within the subsequent spherical of contract talks for the union’s a lot bigger contingent on the firm’s Seattle industrial plane operations, which has ~30K employees in a separate bargaining unit.
Boeing (BA), which can launch its Q2 earnings on July 27, reported a $1.2B loss in Q1.
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