Third Bridge global head of analysts Peter McNally discusses how the Boeing factory workers strike is impacting business on ‘The Big Money Show.’
Boeing’s new CEO has made a costly move to Seattle amid the aerospace company’s factory workers’ strike.
Robert “Kelly” Ortberg was recently named the chief executive of Boeing on Aug. 8. The 64-year-old also serves as president of the embattled company as well as a member of its board of directors.
Ortberg also closed on a $4.1 million mansion in a gated community in Seattle on Tuesday, according to Zillow.
BOEING’S NEW CEO KELLY ORTBERG: WHAT TO KNOW
Ortberg’s move comes as tens of thousands of Boeing factory workers went on strike this week after 96% of union members rejected a new contractor offer.
The 1928 Tudor revival home sold for $4,212,580 after taxes, according to a deed obtained by FOX 13 Seattle. The home is 4,180 square feet and sits on a 9,217 square foot lot.
Workers walk out of the Boeing Co. manufacturing facility ahead of a vote on the union contract in Renton, Wash., Thursday. (M. Scott Brauer/Bloomberg via Getty Images / Getty Images)
“We know they got the money. If they can pay the CEO, they can pay us too,” Boeing worker Ethel Dominique told FOX 13.
“You know, we’re not asking for much. And we’re happy that he can afford a nice new mansion, some of us can’t. Some of us are paycheck to paycheck,” added Dominique.
BOEING WORKERS VOTE TO STRIKE AFTER CONTRACT NEGOTIATIONS REJECTED BY MEMBERS
One of the main demands from the International Association of Machinists and Aerospace Workers’ Union (IAM) is a 40% pay raise.
According to Boeing, more than 33,000 workers are currently represented by IAM 751 in Washington state, Oregon, and parts of California.
A worker holds a sign outside the Aerospace Machinists Union District 751 Hall ahead of a vote on the union contract in Renton, Wash., Thursday. (M. Scott Brauer/Bloomberg via Getty Images / Getty Images)
After Ortberg claimed “no one wins” in a walkout, workers were seen picketing outside Boeing factories in Washington state on Friday.
“For Boeing, it is no secret that our business is in a difficult period, in part due to our own mistakes in the past,” Ortberg said. “Working together, I know that we can get back on track, but a strike would put our shared recovery in jeopardy, further eroding trust with our customers and hurting our ability to determine our future together.”
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Boeing did not immediately respond to FOX Business’ request for comment.
Read More: CEO of Boeing closes on $4.1M Seattle home amid factory workers’ strike