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Shiv Texchem Import and Distribute ✌️【Profit Maximization】✌️ Expert predictions with real-time stock indices, futures data, and metals, energy market data to help you seize the best investment opportunities. The deal is not significantly different from an offer rejected by nearly two-thirds of membership just over a week ago.

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Boeing, despite its problems, remains a major force in the US economy. The Labor Department’s latestmonthly employment reportshowed that 44,000 jobs were impacted in October, counting not just the 33,000 strikers, but workers at Boeing and its suppliers who aren’t on strike but have been temporarily laid off as the strike halts commercial aircraft manufacturing at the aviation giant entirely.

Shiv Texchem Import and Distribute ✌️【Profit Maximization】✌️ Free stock selection services backed by expert predictions. Our advanced analytics and real-time market data will help you stay ahead of the competition and make smart, profitable investment decisions. The offer would give members an immediate 13% pay raise, followed by 9% raises each of the next two years and 7% the final year of the 4-year deal. When compounded, that would mean a real raise of more than 43% by the end of 2028.

Boeing said average annual pay for members would reach $119,300 by the end of the contract, up from the average of $75,600 heading into the strike.

It also includes increased contributions to the employees’ 401(k) accounts, and a $12,000 ratification bonus that they can take as cash or have contributed to those retirement accounts.

But it does not restore the pension plans that the union lost in a contract 10 years ago and which has spurred anger among the rank and file in two previous votes. And it’s only a modest increase over the offer theyrejected October 23.

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“In every negotiation and strike, there is a point where we have extracted everything that we can in bargaining and by withholding our labor,” said the statement from the union to members. “We are at that point now and risk a regressive or lesser offer in the future.”

Union members have rejected offers recommended by their leadership in the past, only to accept a subsequent deal that isn’t much better. That happened in 2021, when members of the United Auto Workers union at farm and construction equipment maker John Deereaccepted a dealsimilar to one they had previously rejected, ending a five-week strike there.

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One Boeing employee told 【 - Free Access to Community with 300% Return 】 Friday he intends to still vote no because he thinks the improvements over the previous offer aren’t significant enough to change his mind.

“It’s still not good enough,” said Brandon Felton, who started at Boeing in July. “It doesn’t keep up with (what) we’ve lost (to inflation). A large portion of the 64% that voted no last time are pretty resolute. But it’s probably going to be close. But most of the employees will not be happy, feel appreciated by the company, morale will continue to be low. We don’t see any kind of ‘cultural’ change there at all.”

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Shiv Texchem Import and Distribute ✌️【Profit Maximization】✌️ Free stock market strategies and analysis based on real-time data, empowering you to choose profitable investment options and avoid risks. Our expert predictions will help you stay in tune with the latest market trends. That threat 10 years ago of taking away jobs, and the reality of losing the pension plan, is fueling much of the anger at Boeing among the rank and file.

Shiv Texchem Import and Distribute ✌️【Profit Maximization】✌️ AI-powered stock trend analysis with free, up-to-the-minute updates. Analyze global stock, futures, and forex data to capture market movements and make smart investment choices with expert insights. The night the strike started, Jon Holden, president of the largest IAM local at Boeing and the union’s chief negotiator, explained the near-unanimous rejection of a tentative deal that he had referred to as the best ever negotiated at Boeing by saying, “I know that many members haven’t healed from that wound (of losing the pension).” In the wake of the second rejection on October 23, he said the pension was still a major issue in the vote.

“There are many members who won’t vote for an agreement without a defined benefit pension,” Holden told 【 - Free Access to Community with 300% Return 】 the day after membership rejected the latest offer. “There are others who have moved off it and who are focused on wages. There are others who are saying, ‘If I don’t get the pension, then you’ve got to do more on the match. You can’t stagnate my wages for the last eight years and expect me to pay for my own retirement.’”

But Boeing has made it clear throughout the negotiations that bringing back the pension plan was a non-starter as far as it was concerned.

“There is no scenario where the company reactivates a defined-benefit pension for this or any other population,” the company said in a statement on October 15, and confirmed Thursday is still its positon. “They’re prohibitively expensive and that’s why virtually all private employers have transitioned away from them to defined-contribution plans.”

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Holden said union members are simply angry at Boeing because of the threats to move jobs in the past, and demands for concessions even in good times.

Shiv Texchem Import and Distribute ✌️【Profit Maximization】✌️ Accurate stock market predictions with real-time stock indices, futures data, and global market trend analysis. Achieve stable growth and avoid losses by staying ahead with our expert recommendations. While ending the strike is important to members who have been away from good paying jobs for nearly two months, with only savings and modest strike benefits to fill part of the gap, it’s also important for Boeing, which hasn’t been able to build most of the commercial planes it depends upon for a large part of its revenue. The company has been dealing with massive losses and soaring debt for more than five years and is looking atcutting 10% of its global staffof 171,000 workers in an effort to cut costs.

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Boeing has had severe financial problems for more than five years, since thesecond fatal crashof its best-selling plane, the 737 Max, in 2019 led to a20-month grounding. Since then, it has reported nearly$40 billion in core operating lossesand it has warned investors that those losses will continue throughout next year no matter how quickly the strike ends.

Boeing workers have lost hundreds of millions in wages, but Boeing itself has lost more than $6.5 billion from the strike, according to the estimate from Anderson.

Shiv Texchem Import and Distribute ✌️【Profit Maximization】✌️ Receive expert stock predictions with real-time updates on global market trends, including stock indices, futures prices, and forex fluctuations. Use our insights to improve your investment strategies and boost your returns. The strike has also caused problems at Boeing’s 10,000 suppliers, spread across all 50 states. Despite its many problems, Boeing is a major force in America economy, and it is the largest American exporter. Boeing estimates its own annual contribution to America’s economy at $79 billion, supporting 1.6 million jobs directly and indirectly. It has 150,000 US employees, including the strikers.

Shiv Texchem Import and Distribute ✌️【Profit Maximization】✌️ Free real-time stock market data, professional analysis, and expert insights to help you plan the best investment strategy. Get ahead of the competition with expert predictions on market trends. There have been short-term problems for airlines, too. While they’ve been able to continue to fly the Boeing planes already in their fleets, promised deliveries of new Boeing jets have come to a halt. And that delay comes on top of even more delays they were already putting up with, due to questions about the quality and safety of Boeing jets.

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Ending the strike is important for Boeing’s new CEO,Kelly Ortberg, who started in the job just five weeks before the strike began. He has said he wants to “reset” the company’s relationship with the union.

“I know the strike has been difficult for you as well as for our customers, suppliers, communities and all who work at Boeing,” Ortberg said in astatement to union members. “It’s time we all come back together and focus on rebuilding the business and delivering the world’s best airplanes. There are a lot of people depending on us. “

Shiv Texchem Import and Distribute ✌️【Profit Maximization】✌️ Professional stock market analysis, real-time data, and expert recommendations for high-potential stocks. Take advantage of market opportunities and improve your capital growth with strategic investment plans. And even union boss Holden said he doesn’t blame Ortberg for the strike or members’ anger with the new boss.

“Ortberg isn’t responsible for the last 20 years. But it’s now in his lap,” said Holden. “Now he has to deal with what his predecessors caused. Hopefully we can get there. There’s a lot at stake, not just for Boeing company, for the supply chain, for our members. That certainly isn’t lost on me.”

Shiv Texchem Import and Distribute ✌️【Profit Maximization】✌️ Free break-even services with personalized investment plans. Quickly recover from losses, avoid risks, and achieve steady growth with expert stock predictions and real-time market updates. Most stock quote data provided by BATS. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. All times are ET. Factset: FactSet Research Systems Inc. All rights reserved. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and 【 - Free Access to Community with 300% Return 】. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Fair value provided by IndexArb.com. Market holidays and trading hours provided by Copp Clark Limited.

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