Machinists at Boeing approved a strike but did not initiate it yet. This is the last thing that Boeing needs as they try to get the Dreamliner 787 completed.
Strikes are a negative manifestation of human emotion as are wars between nations. A strike might be viewed as a sort of war between workers and management. This is the second strike called at Boeing just since 9/11. Workers want the defined benefit plan with every imaginable perk attached. Boeing like other big employers is trying to move to defined contribution plans. These are topics we study in Intermed II Accounting as well as in Dr. Sosa Fey's labor relations courses.
From a socionomic standpoint, this is another clue that negative human emotion is taking center stage. Clearly the longer term view is away from such confining agreements but unions have not been forward looking the last few decades which has brought them less and less membership. A similar effort at GM resulted in a 'strike' lasting less than a week. Here the Boeing employees have the competition with Airbus to hold up as a bargaining chip.
Part of your studies should be an understanding of how the
National Labor Relations Board has to approve a union certification election
National Mediation and Reconciliation Board attempts to bring the parties to the table and avoid a strike
Will they strike, costing Boeing and themselves potential earnings from which such benefits would be paid? We will be watching.
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