Striking Boeing workers to vote on deal offering 38% pay rise and bigger bonus | Boeing




Striking Boeing workers will vote on an improved contract offer on Monday, which includes a 38% pay rise over four years and a bigger signing bonus, their union said on Thursday.

More than 30,000 factory workers who produce Boeing’s strongest-selling 737 Max commercial jet and other planes have been on strike since 13 September and have rejected two earlier offers from Boeing.

Boeing’s latest offer includes a $12,000 ratification bonus and the reinstatement of an annual bonus scheme that was not included in a previous offer, The International Association of Machinists and Aerospace Workers (IAM) said in a statement.

IAM said it was endorsing the offer in advance of the vote.

Workers have been pushing for a 40% wage increase and the return of a defined-benefit pension that they lost a decade ago.

Last week, about 64% of the planemaker’s US west coast factory workers rejected an offer of a 35% general wage increase over four years that was not endorsed by the union.

Boeing shares rose 2.5% in after-hours trading after the offer was announced following an exclusive report by Reuters. Shares had closed down 3.2% earlier on Thursday.



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Posted: 2024-11-01 00:50:06

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