Saturday, September 06, 2008

IAM Strike Against Boeing

Strike started at midnight after an 80% vote against Boeing's "best offer." Apparently the biggest sticking point is outsourcing. Analysts say strike could cost Boeing $100M in revenue and $0.01 in EPS per day of the strike. Of course the costs to striking union members who make about $75K a year including overtime is equally staggering. Not what the economy needs right now. Too bad.

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