Boeing Makes Best and Final Offer in Bid to Resolve Strike with Machinists Union
Boeing's Best and Final Offer
Boeing's latest proposal, described as its best and final offer, seeks to end the strike that has halted production for more than a week. The offer comes from the company as it grapples with the impact of the strike on operations.
Key Aspects of the Proposal
- 30% wage increase over four years, up from the previous 25%.
- Immediate 12% raise followed by 6% raises in subsequent years.
- Bonus increases from $3,000 to $6,000 upon ratification.
- 401(k) match raised from 75% to 100% for the first 8% contributions.
Call to Action for Union Members
The vice president of labor relations emphasized the importance of this offer, noting it acknowledges employees' contributions to the company’s future. Union leaders have until Friday midnight to submit this offer to members for a vote, which is critical for returning to work and moving towards recovery.
Strain on Production
The strike, initiated by 33,000 Boeing workers, has compounded challenges for Boeing, which already faced scrutiny following a recent safety incident. This offer aims to stabilize the situation and renew focus on production.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.