If so concerned about the proposed hourly pay, work some overtime to compensate for it. Looks to me like the company latest offer is fair. As a former IBEW union guy, found that striking longer doesn't result in getting more from the company.
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If you take the 30% raise today, you will have lost 1% of it due to missing 1 paycheck.
29% and counting
Bottom line is BA is always going to be a criminal operation working with our government from the inside.
Maybe have a little more humility? Being ignorant is OK, that's why I made these comments in the first place, to educate. Being arrogant about topics you don't fully understand (financial literacy) is not.
No, that's not true. Boeing is keeping Spirit's current OWNERS afloat. In the event SPR goes bankrupt, those people and assets are not going anywhere and they will produce for a new group of owners with a more sensible capital structure. Companies frequently continue operations through bankruptcy proceedings; that's why Chapter 11 exists. There is no rationale reason Boeing needs to keep throwing good money after bad when its own workforce needs some TLC.
From a transactional standpoint, sure. But you’re losing sight of the fact that without Spirit, there is no 737 program. So yes, it is in Boeing’s best interest to do what they need to keep Spirit afloat. Unless of course the IAM actually is worth what they say they are and they can bring fuselage fabrication in house.
So yes, I’ll continue trolling these boards.
If you read the financial filings, instead of being snarky, you will see BA won't close on the transaction until sometime in mid-2025. No stock or cash has changed hands to consummate the transaction. All money being transferred now, like the $485m supplier note, are short-term loans BA is giving SPR, separate from the M&A transaction. If you check BA's financial filings, you will find SPR was already delinquent in paying back its first tranche in August, before the strike. How likely is it SPR's financial position improved following the strike? Do you like SPR's negative gross margins will suddenly get better when BA has to stop taking more deliveries? Why is BA's cash position good enough to continuously shovel money at SPR, but not its own employees? How much cash is SPR burning per month, and how much is on the balance sheet?
Again, this is all public information found in the filings on SEC.gov. Educate yourself because you don't know as much as you think you do. You'll be amazed at what you find. Or, you know, just keep trolling these boards.
They didn't put it to a vote because it's a waste of time and BA tried to go around the private negotiating, which is in bad faith. If the union cannot get close to what they were asking given the absurd position BA put itself in, they were never going to be treated equitably.
Funneling money to spirit? You mean acquiring spirit? Good lord. How uneducated are you guys?
Do you know how much BA is already funneling to Spirit? Hundreds of millions, and SPR isn't paying that back. How many parties' priorities come before BA workers? I don't blame the union for putting their foot down now.
The union would not even put the last over up for a vote