Boeing's Union Has Reason to Negotiate
If you ask its engineering union, the Society of Professional Engineering Employees in Aerospace, Boeing's negotiations surrounding a new collective labor agreement seem tailor-made to provoke a strike. In fact, SPEEA says it's gearing up to run a strike against the aerospace giant, one that could cost the company $250 million a day in lost airplane sales and hamstring a whole string of airplane parts suppliers -- from General Electric to Honeywell to Spirit AeroSystems in the process. Is there any hope for the parties to come to agreement, and avoid a crippling labor strike?
Fool contributor Rich Smith recently reached out to both SPEEA and Boeing, asking them what's really at stake in these negotiations, and what they both need to come to an agreement. In today's video, he examines SPEEA's three key demands, and explains why it may be to SPEEA's advantage to soften its positions, and move toward compromise with Boeing on each.
With great opportunity comes great responsibility. For Boeing, which operates as a major player in a multitrillion-dollar market, the opportunity is absolutely massive. However, the company's execution problems and emerging competitors have investors wondering whether Boeing will live up to its shareholder responsibilities. In this premium research report, two of the Fool's best industrial industry minds have collaborated to provide investors with the key must-know issues around Boeing. They'll be updating the report as key news hits, so make sure to claim a copy today by clicking here now.
The article Boeing's Union Has Reason to Negotiate originally appeared on Fool.com.Fool contributor Rich Smith has no positions in the stocks mentioned above. The Motley Fool owns shares of General Electric. Motley Fool newsletter services recommend Spirit AeroSystems Holdings. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.