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3 hours ago
Boeing's fighter jet workers reject contract offer
Boeing Co. expects more than 3,200 union workers at three St. Louis-area plants that produce U.S. fighter jets to strike after they rejected a proposed contract Sunday that included a 20% wage increase over four years. The International Machinists and Aerospace Workers union said the vote by District 837 members was overwhelmingly against the proposed contract. The existing contract was to expire at 11:59 p.m. Central time Sunday, but the union said a 'cooling off' period would keep a strike from beginning for another week, until Aug. 4. Union leaders had recommended approving the offer, calling it a 'landmark' agreement when it was announced last week. Organizers said then that the offer would improve medical, pension and overtime benefits in addition to pay. The vote came two days before Boeing planned to announce its second quarter earnings, after saying earlier this month that it had delivered 150 commercial airliners and 36 military aircraft and helicopters during the quarter, up from 130 and 26 during the first quarter. Its stock closed Friday at $233.06 a share, up $1.79. The union did not say specifically why members rejected the contract, only that it 'fell short of addressing the priorities and sacrifices' of the union's workers. Last fall, Boeing offered a general wage increase of 38% over four years to end a 53-day strike by 33,000 aircraft workers producing passenger aircraft. 'Our members are standing together to demand a contract that respects their work and ensures a secure future,' the union said in a statement. Dan Gillan, general manager and senior Boeing executive in St. Louis, said in a statement that the company is 'focused on preparing for a strike.' He described the proposal as 'the richest contract offer' ever presented to the St. Louis union. 'No talks are scheduled with the union,' said Gillan, who is also vice president for Boeing Air Dominance, the division for the production of several military jets, including the U.S. Navy's Super Hornet, as well as the Air Force's Red Hawk training aircraft.
The Hill
3 hours ago
- The Hill
Boeing's fighter jet workers in the St. Louis area reject a contract offer
Boeing Co. expects more than 3,200 union workers at three St. Louis-area plants that produce U.S. fighter jets to strike after they rejected a proposed contract Sunday that included a 20% wage increase over four years. The International Machinists and Aerospace Workers union said the vote by District 837 members was overwhelmingly against the proposed contract. The existing contract was to expire at 11:59 p.m. Central time Sunday, but the union said a 'cooling off' period would keep a strike from beginning for another week, until Aug. 4. Union leaders had recommended approving the offer, calling it a 'landmark' agreement when it was announced last week. Organizers said then that the offer would improve medical, pension and overtime benefits in addition to pay. The vote came two days before Boeing planned to announce its second quarter earnings, after saying earlier this month that it had delivered 150 commercial airliners and 36 military aircraft and helicopters during the quarter, up from 130 and 26 during the first quarter. Its stock closed Friday at $233.06 a share, up $1.79. The union did not say specifically why members rejected the contract, only that it 'fell short of addressing the priorities and sacrifices' of the union's workers. Last fall, Boeing offered a general wage increase of 38% over four years to end a 53-day strike by 33,000 aircraft workers producing passenger aircraft. 'Our members are standing together to demand a contract that respects their work and ensures a secure future,' the union said in a statement. Dan Gillan, general manager and senior Boeing executive in St. Louis, said in a statement that the company is 'focused on preparing for a strike.' He described the proposal as 'the richest contract offer' ever presented to the St. Louis union. 'No talks are scheduled with the union,' said Gillan, who is also vice president for Boeing Air Dominance, the division for the production of several military jets, including the U.S. Navy's Super Hornet, as well as the Air Force's Red Hawk training aircraft.
Time Business News
15 hours ago
- Time Business News
Alfred Quinsay: Weaving Wisdom for an Integrated Life
Alfred Quinsay isn't just an author; he's a dynamic force, a multifaceted professional who seamlessly blends the worlds of literature, business, academia, and personal growth. With a career marked by insightful publications and impactful engagements, Quinsay champions a unique philosophy: The Integrated Life, where every professional and personal pursuit enriches the others, creating a powerful synergy and a distinct value proposition. Quinsay's literary journey is as diverse as his expertise. He's the acclaimed author of three internationally released books: The Essence (2016): A foundational work that delves into core principles. A foundational work that delves into core principles. Love is War, War is Love (2022): A compelling exploration of complex human relationships. A compelling exploration of complex human relationships. Lies of Influence (2025): His latest contemporary novel, poised to challenge perspectives and spark dialogue. Beyond fiction, Quinsay is also a prolific voice in the business world, with five self- published business e-books focusing on Strategic Management and Accounting. This unique combination of storytelling and practical business insights showcases his holistic approach to knowledge sharing. At the heart of Alfred Quinsay's brand is his advocacy for the Integrated Life. This isn't just a concept; it's the driving force behind all his endeavors. Whether he's crafting a novel, advising a business, lecturing students, or captivating an audience, Quinsay demonstrates how diverse disciplines can dynamically complement and enhance each other. His background as a CPA with an MBA provides the rigorous framework for his business insights, while his creative spirit as an author allows him to communicate complex ideas with clarity and engaging narrative. For Quinsay, the integrated life means that his experiences as a University Professor who advocates innovation, a sought-after CPD speaker who empowers his audience, and a business consultant are not isolated silos. Instead, they converge to offer unparalleled value. His ability to connect the dots between strategic business principles, human behavior explored in his novels, and the pursuit of a meaningful existence sets him apart. Born and raised in Manila, Philippines, Quinsay's identity is also shaped by his personal convictions and passions. A devout follower of Christ, his values undoubtedly influence the depth and perspective found in his works. He's also a dedicated Martial Artist enthusiast, a discipline that instills focus, resilience, and strategic thinking— qualities evident in his professional pursuits. Adding to his impressive accolades, Alfred Quinsay is a recognized master of communication, having secured the title of Public Speaking Area Champion in Toastmasters for 2021, 2022, and 2023. This consistent achievement underscores his ability to connect with and inspire audiences, making him a truly impactful speaker. Alfred Quinsay embodies the power of an integrated approach to life and career. He's not just an expert in multiple fields; he's a connector, a storyteller, and an advocate for a life lived with purpose across all its dimensions. TIME BUSINESS NEWS
