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.