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Boeing CEO: I Don't See a Recession

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    Exclusive:James McNerney on economic crisis, clash with NLRB

  • Duration 5:02
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That's an advisor to have it but welcome everybody out they'll get it out got -- a beautiful.

City of a Chicago where we're taking a look at the last fifteen years and realizing.

That might take care has consistently remains -- look at all let time.

Here's a guy -- knows no meeting of the word he's probably one of the most respected C yards on the planet He -- -- you've probably heard.

A figure to about -- you probably know it doesn't talk to the press that often.

But we saw passing by and we tackles a magnetic -- edit.

Boeing and we're delighted to have him when -- asked -- very good to see you thank you very much or upgrade to be here ill.

You know we edit with Rick Perry among the series of -- -- ecstatic with that what his views that -- this -- you know what.

I believe in rights of work I believe that unions wouldn't necessarily know it says he's not -- -- -- Shouldn't dictate what a company and it can't do it where -- at and -- and -- expand its businesses as you were tried to do try to do it South Carolina is that your holy Grail right now.

Well I think this that we work with both union -- -- populations but.

We reserve the right to place work -- makes our company.

Most competitive and right now we're a broad measure -- looting or -- that a little bit update -- administrative procedure with the NLRB.

Who.

Feels that we shouldn't have the right to -- work in South Carolina.

Which we fundamentally disagree with the talk is that before it even gets to a judge to decide that you're there's gonna be a settlement.

And that guild strike a deal and that he's gonna do.

Strike a deal -- you.

We will not strike a deal that violates.

The fundamental principle.

The management and shareholders following.

Placing work -- it makes the company most competitive so not gonna violate any press -- Secular crowd as it Breslin -- -- -- You're conservatives if if the Ellerbe wins -- this.

Then it's gonna handicap not only companies like yours that lot of would stand in it right -- states or elsewhere.

But but all -- It's act that's it just didn't yeah I think there was say a recent survey ethic was now.

Wear -- and associated the National Association of Manufacturers that that indicated that 60%.

Of American companies feel the chill.

You're talking about sort of restrains decision making while this is all gone well and it privately.

-- are what are you hearing I -- -- yet.

Not so -- stop it don't mean I think I think.

A lot of people agree with the principle that I justice bombs which is it's all about competitiveness.

Think about what we're talking about here we're talking about 787.

Dreamliner arguably.

A symbol of Americans -- -- 80% of these will be sold outside the United States it represents the cutting edge.

Any kind of technology that relates to aerospace.

And we're being told we can't place the work where it makes us most competitive it generates jobs because were exporting to other parts of the world.

-- It's a little bit -- But it did their argument is the success of the dreamliner and its its rapid -- right now.

As a result of the unionized work sports -- say what.

Well.

I these unions.

Like I said -- -- before play an important role our company okay ensure union labor has had a lot to do.

Alt -- a very lot to do with the success of our company.

That doesn't mean.

That in the face of war -- globally competitive world as we get bigger need more diversity we need to find places where things are cheaper to do as well as high quality.

That doesn't mean.

That we don't go where it makes cents.

So this isn't your way of giving you'd get the Trojan -- what you did at South Carolina is a sign of the Boeing to comment -- it will slowly.

Peel off its union force -- and -- -- not union work.

Batters and -- the sort of -- -- that the same union that we're dealing with the Seattle that we work with day to day as a matter of fact.

We we sponsored it worked with them for a new bargaining unit and another part of the country during the same year that we decided we wanted to move to South Carolina.

We were both sides of the street it's all about the competitiveness of our company it's all about what's best for our employees and what's best for America the end of the day.

Are you lifted up the opinion we're gonna slip into something bad -- recession or worse.

IAE.

I don't see that quite frankly I mean there are issues.

Europe does the most troublesome picture here at the end of the debt change -- -- -- debt the I think there is a lack of confidence I think Washington the super committee needs to get something done.

Just to restore confidence in the political process and real estate and construction.

Has really not participated they usually drive these recoveries -- but the rest of us -- Pretty good Jim thank you -- the anniversary very especially appreciate that gradually is that fifteen years secular everything I -- so looks -- let them test it shot up from here I thought.

-- -- and in our heads up by Alex oddly you know there's a lot.

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