Boeing is raising its offer in an effort to end the strike
CNN
Boeing said Monday it has raised its offer to the International Association of Machinists union in an effort to end the strike by 33,000 union members that has now entered its 11th day.
Boeing said Monday it has raised its offer to the International Association of Machinists union in an effort to end the strike by 33,000 union members that has now entered its 11th day. The new offer would give members a 30% raise over the four-year life of the contract, including an immediate 12% raise, up from the 25% in raises overall and an immediate 11% raise that membership voted almost unanimously against on September 12, just before walking off the job at Boeing plants on the West Coast. “We heard your feedback,” said a statement from Boeing to union members on its website. “We’ve made significant improvements to provide more money in key areas.” The new offer also doubled a signing bonus to $6,000, and increased the money that Boeing would contribute to 401(k) plans of union members to match contributions they make themselves. But it did not restore the traditional pension plan that union members lost 10 years ago in a previous labor agreement. The strike, which has brought product of commercial jets to a near-halt, is the first at the troubled aircraft maker in 16 years. Despite its many problems – including the loss of more than $33 billion over the last five years – Boeing is still a major force in US manufacturing and vital to its air transportation system. It is America’s largest exporter, and by its own estimates contributes $79 billion to the US economy, supporting 1.6 million jobs directly and indirectly at suppliers spread across all 50 states. An IAM spokesperson said the union did not have an immediate comment on the new offer.
People don’t buy “domestic” cars or salute the “domestic” flag, so they shouldn’t drink “domestic” beer. At least, that’s what Anheuser-Busch’s CEO thinks.
As President Trump and Elon Musk remake the federal government through firings, orders and brute force, small news publishers that specialize in the federal workforce are landing big scoops and seeing equally big traffic gains.
Nissan is still holding “various discussions” with Honda, the carmaker said Wednesday in response to media reports that it is set to scrap merger talks with its larger rival.
The end of cheap Shein and Temu hauls? How Trump’s tariffs could make those shipments more expensive
Americans love Shein, Temu and Alibaba for two reasons: cheap prices and fast shipping.
The US Postal Service says it has temporarily suspended the acceptance of incoming international parcels from China and Hong Kong until further notice.
Google’s updated AI ethics policy removes its promise that it won’t use the technology to pursue weapons and surveillance.
Need a new computer, television or phone? You might want to consider getting one now.
Tensions among the United States and its three biggest trading partners are injecting uncertainty into the US economy, putting American business owners in an uncomfortable wait-and-see posture. We’d like to hear from you.
Australia has banned DeepSeek from all government devices over concerns that the Chinese artificial intelligence startup behind it poses security risks, the government said Tuesday.
The soaring price of eggs has forced Waffle House to add a temporary surcharge on customers’ orders.
Lower-income Americans are likely to feel the brunt of the unprecedented tariffs President Donald Trump has set in motion.
Tariffs have dominated headlines since President Donald Trump took office just over two weeks ago, as he threatened steep, sweeping tariffs on goods the United States imports from its three largest trading partners — Mexico, China and Canada — on Tuesday.
Beijing announced tariffs on Tuesday on some American imports including originating crude oil, agricultural machinery and liquefied natural gas in a move that coincides with the Trump administration’s imposition of 10% tariffs on Chinese imports into the United States.