Friday, March 29, 2024
Homecnbc explainsThe rift between machinists: CNBC Explains

The rift between machinists: CNBC Explains

Boeing's new labor contract with members of the International Association of Machinists District 751 has shown cracks in the foundation of solidarity between the local and national offices of the IAM.

It's a rift that has become bigger due to the differing approaches the two offices took while dealing with the Boeing labor contract. While the contract has been ratified, the fact is many local machinists in the Puget Sound area are still upset about a deal that will alter their pay and benefits through 2024. In fact, some machinists are talking about protesting the vote.

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Why? It has to do with the different views machinists have of Boeing and the new contract that guarantees the company's new 777X plane is built in the Seattle area.

National leaders feared losing 777X

The national leadership of the IAM steered the contract talks with Boeing for most of the last year. At the heart of those negotiations was the question of where Boeing would build its new 777X plane, and with that decision, the need for several thousand workers.

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