Sunday, October 13, 2024
6.7 C
London

Boeing makes new offer to end strike, including 30% wage increase

T + T – Normal size

Boeing said it aims to end a strike led by its largest labor union by offering an improved offer, including a 30% pay raise and the restoration of annual bonus payments that were due to be canceled.

“We have made significant improvements to save more money in key areas,” the company said, calling the new offer for mechanics “the best contract offer, and the last one.”

Boeing said workers have until midnight Friday to accept the offer.

The Machinists Union, which has about 33,000 employees and is Boeing’s largest labor union, began the strike on Sept. 13 after 95 percent of its members rejected the company’s previous offer of a four-year contract.

The rejected contract had included a 25% wage increase over four years, while the workers were demanding a 40% increase.

The strike is affecting Boeing production around Seattle in the northwestern United States, where models such as the best-selling 737 and the long-range 777 are made. Boeing was already behind on 737 deliveries to several airlines.

Boeing, a competitor to Airbus, is facing a crisis after a series of accidents.

Following an incident in January in which a new Boeing jet’s fuselage was torn off shortly after takeoff, the company has been barred from expanding production of the 737 series for the time being.

Boeing has responded to the strike with a number of measures, including a hiring freeze. In addition, some employees are being temporarily suspended and commercial flights are being reduced to only essentials.

The last union-led strike in 2008 lasted 57 days and cost the company about $2 billion, according to analysts.

Boeing makes new offer to end strike, including 30% wage increase

Follow the economic statement via Google News

Email




Source link

Hot this week

UK economy returns to growth in August after two months of stagnation

Britain’s economy grew in August after two consecutive...

USMNT wins Mauricio Pochettino’s debut, thanks to the star who’ll guide his reboot

AUSTIN, Texas — Mauricio Pochettino's U.S. men's national team...

No. 3 Oregon beats No. 2 Ohio State 32-31 as time runs out on the Buckeyes’ last drive

Atticus Sappington’s chip-shot 19-yard field goal with 1:47 to...

Penn State notes: Tyler Warren sets school record with 17 catches in win over USC

LOS ANGELES – After Tyler Warren’s sensational performance Saturday,...

Former Scottish Prime Minister Alex Sammond has died

The party wrote on the “X” platform: “He...

Topics

UK economy returns to growth in August after two months of stagnation

Britain’s economy grew in August after two consecutive...

USMNT wins Mauricio Pochettino’s debut, thanks to the star who’ll guide his reboot

AUSTIN, Texas — Mauricio Pochettino's U.S. men's national team...

No. 3 Oregon beats No. 2 Ohio State 32-31 as time runs out on the Buckeyes’ last drive

Atticus Sappington’s chip-shot 19-yard field goal with 1:47 to...

Penn State notes: Tyler Warren sets school record with 17 catches in win over USC

LOS ANGELES – After Tyler Warren’s sensational performance Saturday,...

Former Scottish Prime Minister Alex Sammond has died

The party wrote on the “X” platform: “He...

NFL owners to vote on Tom Brady’s Raiders stake Tuesday: Report

Tom Brady's long path to a minority stake in...
spot_img

Related Articles

Popular Categories

spot_imgspot_img