BoeingOffers 35% Pay Hike Over Four Years to End Strike

作者智能小编

10 月 20, 2024 #IT资讯

Boeing Offers 35% Pay Raise Over Four Years to End Strike

Seattle, WA – In a bid to end a month-long strike by33,000 union workers on the West Coast, Boeing has proposed a new contract agreement that includes a 35% pay raise over four years.The strike, which began on September 13th, has brought production of Boeing’s best-selling 737 MAX, as well as its 767 and 777 wide-body aircraft, to a standstill.

The proposed agreement, which will be voted on by the striking workers on Wednesday, represents a significant concession from Boeing’s previous offer. The union had initially demanded a40% pay raise and the reinstatement of a defined-benefit pension plan. The new proposal includes several key improvements, such as a $7,000 ratification bonus, a 35% pay raise over four years, the reinstatement ofincentive programs, and increased contributions to workers’ 401k retirement plans (including a one-time $5,000 contribution plus a 12% employer match).

The union has credited the assistance of U.S. Labor Secretary Julie Su, who traveled to Seattle this week to facilitate indirect negotiationsbetween the parties.

The strike has had a significant impact on Boeing’s operations and the broader aerospace industry. The company has already announced plans to lay off 10% of its workforce and has delayed the delivery of its 777X aircraft until 2026.

Theoutcome of the vote on Wednesday will determine whether the strike will come to an end. If the workers reject the proposal, the strike is likely to continue, potentially further disrupting Boeing’s operations and the broader economy.

References: