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Snapshot 2:Thu, Oct 24, 2024 10:52:59 AM GMT last edited by MattKalman

Boeing Workers Reject Latest Wage Deal, Continuing Strikes

Boeing Workers Reject Latest Wage Deal, Continuing Strikes

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The Facts

  • Boeing workers voted Wednesday to reject the latest wage deal on the table, continuing costly strikes that have hamstrung the aviation giant.

  • When 33K workers, represented by the International Association of Machinists (IAM) union, elected to commence strikes last month — with 90% voting in favor of rejecting Boeing's offer that included a 25% pay increase over four years — employees wanted a 40% rise over the same period, as well as the restoration of a defined-benefit pension that was removed more than a decade ago.

  • Since, talks between Boeing and the union stalled on a number of occasions, including earlier this month when Boeing offered a 30% pay rise over four years, the doubling of a contract signing bonus to $6K and the reinstatement of an annual productivity bonus, but did not include a restoration of the old pension scheme.


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