The missing paperwork on the 737 Max that lost a door plug on an Alaska Airlines flight in January isn’t just making it difficult to find out who made the near tragic mistake. The paperwork may have caused the problem in the first place, Boeing disclosed this week.
SEATTLE (Reuters) -Boeing's financial and production challenges following a January mid-air panel blowout will not change its workers' readiness to strike to make gains in bargaining, a union local president said on Thursday. The International Association of Machinists and Aerospace Workers (IAM), which represents more than 30,000 Washington state workers building Boeing jets, wants better retirement benefits and wage increases exceeding 40% over three to four years after what it termed years of stagnant earnings. "We are going to maximize this opportunity no matter what," Jon Holden, president of the IAM's District 751 representing the Seattle-area workers, said in an interview with Reuters.
Understanding the plane maker's woes a little better will help investors figure out when things are really improving.