{"id":358688,"date":"2024-09-23T15:28:43","date_gmt":"2024-09-23T19:28:43","guid":{"rendered":"https:\/\/skiesmag.com\/?post_type=news&p=358688"},"modified":"2024-09-23T15:28:45","modified_gmt":"2024-09-23T19:28:45","slug":"boeing-makes-a-best-and-final-offer-to-striking-union-workers","status":"publish","type":"news","link":"https:\/\/skiesmag.com\/news\/boeing-makes-a-best-and-final-offer-to-striking-union-workers\/","title":{"rendered":"Boeing\u00a0makes a ‘best and final offer’ to striking union workers"},"content":{"rendered":"\n

Boeing said Monday it made a \u201cbest and final offer\u201d to striking union machinists<\/a> that includes bigger raises and larger bonuses than a proposed contract that was overwhelmingly rejected<\/a>.<\/p>\n\n\n\n

The company said the offer includes pay raises of 30 percent over four years, up from the rejected 25 percent raises.<\/p>\n\n\n\n

It would also double the size of ratification bonuses to $6,000, and it would restore annual bonuses that the company had sought to replace with contributions<\/a> to workers’ retirement accounts.<\/p>\n\n\n\n

Boeing said average annual pay for machinists would rise from $75,608 to $111,155 at the end of the four-year contract.<\/p>\n\n\n\n

The company said its offer was contingent on members of the International Association of Machinists and Aerospace Workers ratifying the contract by late Friday night, when the strike will be a little over two weeks old.<\/p>\n\n\n\n

The union, which represents factory workers who assemble some of the company’s bestselling planes<\/a>, did not immediately respond to a request for comment.<\/p>\n\n\n\n

Boeing\u00a0is offering workers upfront raises of 12 percent plus three annual raises of six percent each.<\/p>\n\n\n\n

The new offer would not restore a traditional pension plan that\u00a0Boeing\u00a0eliminated about a decade ago. Striking workers cited pay and pensions as reasons why they voted 94.6 percent against the company\u2019s previous offer.<\/p>\n\n\n\n

Boeing also renewed a promise to build its next new airline plane in the Seattle area — if that project starts in the next four years. That was a key provision for union leaders, who recommended adoption of the original contract offer, but one that seemed less persuasive to rank-and-file members.<\/p>\n\n\n\n

The strike is likely already starting to reduce Boeing’s ability to generate cash<\/a>. The company gets much of its cash when it delivers new planes, but the strike has shut down production of 737s, 777s and 767s.<\/p>\n\n\n\n

On Friday, Boeing began rolling temporary furloughs<\/a> of managers and nonunion employees and other money-saving measures. Those moves are expected to last as long as the strike continues.<\/p>\n","protected":false},"excerpt":{"rendered":"

The company said the offer includes pay raises of 30 percent over four years, up from the rejected 25 percent raises.<\/p>\n","protected":false},"author":299,"featured_media":358690,"comment_status":"open","ping_status":"closed","template":"","categories":[99318],"tags":[],"class_list":["post-358688","news","type-news","status-publish","has-post-thumbnail","hentry","category-oem","entry"],"acf":[],"jetpack_sharing_enabled":true,"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/skiesmag.com\/wp-json\/wp\/v2\/news\/358688","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/skiesmag.com\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/skiesmag.com\/wp-json\/wp\/v2\/types\/news"}],"author":[{"embeddable":true,"href":"https:\/\/skiesmag.com\/wp-json\/wp\/v2\/users\/299"}],"replies":[{"embeddable":true,"href":"https:\/\/skiesmag.com\/wp-json\/wp\/v2\/comments?post=358688"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/skiesmag.com\/wp-json\/wp\/v2\/media\/358690"}],"wp:attachment":[{"href":"https:\/\/skiesmag.com\/wp-json\/wp\/v2\/media?parent=358688"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/skiesmag.com\/wp-json\/wp\/v2\/categories?post=358688"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/skiesmag.com\/wp-json\/wp\/v2\/tags?post=358688"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}