Boeing's Best and Final Offer Rejected by Striking Machinists
ICARO Media Group
In a recent development, aerospace giant Boeing has made a final offer to 33,000 striking machinists in an attempt to end the ongoing strike that commenced on September 13. The proposed offer, touted as "best and final" by Boeing, includes substantial pay raises of 30% over four years, larger bonuses, and other benefits. However, the International Association of Machinists and Aerospace Workers district 751, representing the striking workers, has expressed dissatisfaction with the offer and stated that there will not be a ratification vote before Boeing's deadline at the end of the week.
Despite Boeing's efforts to address feedback from the union and employees, the machinists' union has criticized the company for publicizing the offer without engaging in further negotiations. The union leaders emphasized that Boeing does not possess the authority to dictate the timing of the voting process. The union's decision not to proceed with a vote on Friday as demanded by Boeing underscores the discord between the two parties.
Boeing's latest offer includes upfront pay raises of 12% along with three annual raises of 6% each, doubling the size of ratification bonuses to $6,000, and maintaining productivity-based annual bonuses. The company projects that the average annual pay for machinists would increase from $75,608 to $111,155 by the end of the four-year contract if the offer is accepted. Nevertheless, the absence of a reinstated traditional pension plan has been a notable point of contention among the striking workers.