Negotiations and Proposals
has revised its contract offer to striking workers, proposing a 38% wage increase over four years and a $12,000 ratification bonus, aiming to end a seven-week strike by the (IAM).
Despite previous offers being rejected, the latest proposal has received union endorsement, with a vote scheduled for November 4, potentially concluding the strike that has impacted Boeing's production and finances.
Financial Implications and Union Concerns
Boeing faces significant financial challenges, including a $6.2 billion quarterly loss and a 10% reduction in its global workforce, amid the ongoing strike and other operational issues.
Union members have expressed concerns over the absence of pension plan restoration in the new offer, despite the proposed wage increases and bonuses, highlighting ongoing negotiations over employee benefits.