I saw this in Aviation Industry Friday 10/31:

The strike at Boeing is over, but now a cut in production is needed After weeks of production lines lying idle due to strike action by Boeing machinists, at an estimated cost of between $4bn and $5bn in lost revenue alone, the lines are starting to move again. Now that the strike has been dealt with Boeing needs to look at cuts in production. With recession upon us there is an odds-on chance that orders will be deferred or even cancelled in the coming months. This should provide Boeing with the delivery schedule slack that it needs to get back on target. A short-term silver lining if you like. So, the union leaders who held out for so very long managed to get what they wanted out of Boeing. Or have they? The Unions secured a 15 per cent pay increase but at what point did the union leaders realise that their 52-day strike actually represents 14.25 per cent of their annual pay in the first place! [the italics are mine] - Philip Tozer-Pennington, Managing Director – Aviation Industry Press (philipt@aviation-industry.com)

Did the union leaders really get what they wanted? I’m sure the union leaders promoted to the rank and file that “we got what we wanted … we got a 15% pay (more…)