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IAM union announces third fire sale deal to end Boeing strike with vote a day before US presidential election

IAM union announces third fire sale deal to end Boeing strike with vote a day before US presidential election

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Boeing workers picket after union members voted to reject a new contract from the company, Wednesday, Oct. 23, 2024, outside Boeing facilities in Renton, Washington. (AP Photo/Lindsey Wasson)

The International Association of Machinists announced a third tentative agreement with Boeing on Thursday evening in an attempt to end a seven-week strike by 33,000 aerospace workers. Voting is scheduled for next Monday, the day before the US presidential election.

Once again, the IAM bureaucracy has put forward a contract that does not meet any of the workers’ demands. The wage offer is just 38 percent, 3 percent more than what contract workers voted against last week and still less than the 40 percent minimum rate workers have made clear they will accept.

Most importantly, the agreement does not deviate at all from the restoration of pensions, the main demand of workers. The pensions were stolen in 2014 when Boeing forced workers into a 10-year extension under the threat of moving production to a nonunion plant in South Carolina. Instead of fighting, IAM helped Boeing narrowly secure the deal.

The only other change to the proposal, which workers rejected by 64 percent, was moving money from 401(k)s into signing bonuses. This is an attempt to use the workers’ economic insecurity caused by the union’s $250 a week strike pay to push through essentially the same deal.

The deal also allows the company to continue with 17,000 layoffs worldwide to make workers pay for the safety crisis caused by cost-cutting for profit. There can be no doubt that the company is holding in reserve for even deeper cuts to call for an end to the strike, as it did last year following contract awards in the US auto industry and at UPS.