Boeing faces a wage problem
When a person starts working, he gives his 100% to the company for the whole year in the hope that his salary can be increased when the appraisal is made next year. But in the private sector it is often seen that sometimes companies significantly increase the salary and sometimes give a nominal appraisal of 1-2% every year. In such a situation, the employee does not even object for fear of losing his job. But in one company, employees have started protesting against the company for not increasing their salaries. This issue is related to the airline manufacturer Boeing.
Employees voted to protest
Boeing employees voted to strike. It is another blow to the giant aircraft manufacturer after its reputation and financial situation were damaged and it now faces the closure of production of its best-selling airliner.
The International Association of Machinists and Aerospace Workers said its members rejected a contract that would have raised wages by 25 percent over four years. 94.6 percent voted to reject the contract and 96 percent to strike. A two-thirds vote of the 33,000 employees was required to strike.
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This problem arose before the company
Very little has gone right for Boeing this year. In January, a panel on one of its passenger jets blew out, leaving a gaping hole in it, and the US space agency NASA had to leave two astronauts in space instead of sending them home in the crippled Boeing spacecraft. As long as the strike continues, Boeing will not be able to get much-needed money from delivering new planes to airlines.
This is the challenge facing the CEO
It will be another challenge for new Chief Executive Kelly Ortberg, who was tasked six weeks ago with turning around a company that has lost more than $25 billion over the past six years and is lagging behind European rival Airbus. Ortberg warned the drivers that a strike would jeopardize Boeing’s recovery and cast further suspicion on the company in the eyes of airline customers.
