WWNY reports, The grounding of an airplane hits the company, Arconic. But, as Arconic deals with the loss of business, it won’t affect the Massena plant. The Boeing 737 Max was taken out of service for almost a year after 2 fatal crashes. Boeing stopped production of the 737 Max this month. Acronic supplies Boeing and expects to lose $400 million in sales because of this. Arconic Chief Executive Officer John Plant says Arconic is considering a mix of staff cuts and scheduling changes. An Arconic spokesperson tells 7 News the Massena plant will not be affected.
In the midst of much uncertainty this comes as some good news- last year saw a tumultuous turning point for Arconic and their Massena plant as talks of strikes were taking place a three-year agreement was reached instead. Among the terms approved in said contract are a 3.5 percent raise in each of the three years, with the first year retroactive to May 20′ a $1,750 ratification bonus payment; no change to the pension plan for current union members, but people hired after January 2020 will get a 401-K plan and not a pension.
The Boeing 737 MAX is a narrow-body airliner series manufactured by Boeing Commercial Airplanes as the fourth generation of the Boeing 737, succeeding the Boeing 737 Next Generation. While the grounding of these, said to be illustrious new pieces of equipment, will not affect our local union workers it will however have a major impact on Boeing, who will accrue a bill of $18 Billion in costs.