Boeing makes a 'best and final offer' to striking union workers
The Peninsula
Boeing said on Monday it made a best and final offer to striking union machinists that includes bigger raises and larger bonuses than a proposed con...
Boeing said on Monday it made a "best and final offer” to striking union machinists that includes bigger raises and larger bonuses than a proposed contract that was overwhelmingly rejected.
The company said the offer includes pay raises of 30% over four years, up from the rejected 25% raises.
The new offer -- and labeling it a final one -- demonstrates Boeing’s eagerness to end the strike by about 33,000 machinists that began Sept. 13. The company introduced rolling furloughs of non-unionized employees last week to cut costs during the strike.
The strikers face their own financial pressure to return to work. They received their final paychecks last week and will lose company-provided health insurance at the end of the month, according to Boeing.
The company said its new offer is contingent on members of the International Association of Machinists and Aerospace Workers ratifying the contract by late Friday night, when the strike will be a little over two weeks old.
