Text size [+][-] Wednesday November 19 2008GLOBAL EDITION
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By Rob Cox
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On September 3, Boeing's largest labor union rejected a proposed three-year contract and voted to strike. Its leaders gave the planemaker 48 hours to improve its offer and avert a strike that would shut down production lines. The union said Boeing failed to meet demands for much higher wages and pensions, as well as greater job-security and no increases in healthcare costs. 87% of the voting members approved the strike, which would have been the second since 2005. Boeing has already offered an 11% wage increase over three years, a one-time $2,500 bonus and increases in minimum hourly pay rates.
rob.cox@breakingviews.com
