Boeing Workers Prepare to Vote on New Contract Proposal Following Strike
Boeing Workers Set for Critical Vote
The International Association of Machinists and Aerospace Workers has announced that Boeing employees will vote next week on a new contract proposal. This comes after the strike, which has severely affected production for over a month. On Wednesday, the union will hold a ratification vote for a deal that promises a 35% pay increase over four years, up from a previous offer of 30%.
Details of the New Proposal
- Pay Raise: Workers will see a 35% increase in their wages over the next four years.
- Bonuses: Upfront bonuses will rise to $7,000 per worker, an increase from $6,000.
- Pension Plans: The proposal does not restore the traditional pension plan but enhances the contributions to 401(k) plans that Boeing will match.
This new proposal reflects Boeing's attempts to resolve the impasse and restore production while meeting some demands of the striking workers. Stay tuned for further updates on this developing situation.
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.