Loading...
Market
Story
Boeing Offers 38% Pay Raise; Union Leaders Urge End to Seven-Week Strike
Nov 1, 2024, 03:20 AM
Boeing Co. and the International Association of Machinists and Aerospace Workers have reached a tentative agreement that could end a seven-week strike by 33,000 workers. The union leadership is endorsing the new contract proposal, urging members to 'lock in these gains and confidently declare victory.' The offer includes a 38% wage increase over four years, up from a previously rejected 35%, and a $12,000 signing bonus upon ratification. The compounded wage increase amounts to approximately 43.65%, with the average annual machinist pay reaching $119,309 by the end of the contract. Union leaders said they have extracted all they could from the company. Members will vote on the offer on Monday, November 4. The strike, which began on September 13, has halted most of Boeing's airplane production. Boeing's latest offer aims to address these concerns and bring an end to the prolonged labor dispute.
View original story
Similar markets
Approved • 25%
Rejected • 25%
Postponed • 25%
Other • 25%
Accept agreement • 25%
Reject agreement and continue strike • 25%
Reject agreement and propose new terms • 25%
Other • 25%
Approve • 33%
Reject • 33%
Postpone decision • 34%
Approved • 33%
Rejected • 33%
Vote postponed • 33%
Approve • 33%
Reject and continue negotiations • 33%
Reject and continue strike • 34%
Ratified • 33%
Rejected • 33%
Postponed • 33%
Accepted with over 75% approval • 25%
Accepted with 50-75% approval • 25%
Rejected with 50-75% disapproval • 25%
Rejected with over 75% disapproval • 25%
Strike continues • 25%
Strike ends with new contract • 25%
Strike ends without new contract • 25%
Strike ends with partial agreements • 25%
Strike ends with current offer • 25%
Strike ends with improved offer • 25%
Strike continues without resolution • 25%
Other • 25%
Agreement Accepted • 33%
Agreement Rejected • 33%
Vote Postponed • 34%
Approved • 25%
Rejected • 25%
Revised proposal • 25%
Vote postponed • 25%