Boeing defense workers set to strike after rejecting labor deal (NYSE:BA)
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Nearly 2,500 members of a union that represents three Boeing (NYSE:BA) defense plants in the St. Louis area voted Sunday to reject the company’s contract offer and plan to strike starting August 1.
Workers at the three plants in Missouri and Mascoutah, Illinois, build military aircraft including the F-15, F-18, T-7A trainer and MQ-25 unmanned refueler.
The International Association of Machinists and Aerospace Workers District 837 union said the company previously took away its members’ pensions and is not fairly compensating their 401(k) plans.
The strike vote may foreshadow difficult negotiations for Boeing (BA) in the next round of contract talks for the union’s much larger contingent at the company’s Seattle commercial aircraft operations, which has ~30K workers in a separate bargaining unit.
Boeing (BA), which will release its Q2 earnings on July 27, reported a $1.2B loss in Q1.
