By Le Figaro with AFP
Published
2 hours ago,
Updated 51 minutes ago
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The protest movement is preventing production of the 737 MAX – its best-seller – and the 777. The group has therefore taken measures to preserve its liquidity.
The American aircraft manufacturer Boeing, which has been in the grip of a strike since Friday, notably paralyzing production of the 737 MAX – its best-seller – and the 777, has taken measures to preserve its liquidity, its CFO announced on Monday, September 16 in a message to employees. According to Brian West, the aircraft manufacturer has decided to freeze all recruitment. It is preparing to reduce “in a significant way” procurement expenditure and plans to implement “in the coming weeks” temporary technical unemployment measures.
“We are working in good faith to reach a new collective bargaining agreement that takes into account the feedback and allows the activity to resume,” he assured. “However, our group is going through a difficult period,” he continued, assuring that the walkout “threatens our recovery in a significant way.” Consequently, management has taken “necessary measures to preserve liquidity and protect our common future” and to ensure the financing of “safety, quality and direct customer support.”
Negotiations between Boeing and the local branch of the International Union of Machinists and Aerospace Workers (IAM) are due to resume on Tuesday, under the auspices of federal mediation. The more than 33,000 members represented by IAM-District 751 (out of some 170,000 employees of the group) rejected on Thursday the draft collective agreement announced on September 8 by 94.6% and approved a walkout by 96%. The last strike, in 2008, lasted 57 days.
