Boeing stock buy back irks machinists union members

Boeing stock buy back irks machinists union members
International Association of Machinists District 751 union members wait in line to vote on Boeing's contract offer at the Machinists Union Hall in Everett, Wash., Wednesday, Nov. 13, 2013. About 20,000 Boeing machinists in the Puget Sound cast their ballots Wednesday on a contentious contract proposal that would have workers exchange concessions for decades of secure jobs. (AP Photo/The Herald, Mark Mulligan) MANDATORY CREDIT

Amid contentious labor contact talks with the IAM #751 machinists union, Boeing announces they’ll spend $10 billion on buying back company stock and increasing their dividend. This financial announcement does not sit well with the machinists who say it shows that Boeing has enough money to meet their contract demands.