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.



Source link

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

Asher-Smith ends season on high as Dobson surges to Diamond League win | Athletics
 



... Read More

Rafael Nadal's uncle Toni to skip his emotional retirement and gives reason why | Tennis | Sport
 



... Read More

How to buy Taylor Swift tickets for Eras Tour internationally | Music | Entertainment
 



... Read More

Keir Starmer squirms as his farmer tax blunder is exposed live on-air | Politics | News
 



... Read More

Yvette Cooper could abandon law that criminalised peaceful protests | Protest
 



... Read More

Royal Family LIVE: Meghan Markle 'appears lost' as she makes appearance | Royal | News
 



... Read More

F1 LIVE: George Russell preparing to release statement as Valtteri Bottas panics | F1 | Sport
 



... Read More

Canada, prepare for the big squeeze. Trump will press on several sensitive fronts
 



... Read More