09/24/2024

Boeing Sweetens Offer to Union as Strike Enters Second Week

The aerospace giant said it was making its "best and final" offer

On Monday, Boeing sweetened its contract offer and said it was its “best and final” proposal for its more than 30,000 machinists as their strike, which has halted most of the aerospace giant’s aircraft production, entered its second week.

The new offer raised pay, reinstated annual bonuses and increased a bonus that would be given upon the contract’s ratification, among other changes, Boeing said on its website.

Boeing's new offer would raise general wages by 30 percent over four years, up from a previously proposed 25 percent. It also doubled the ratification bonus to $6,000, reinstated an annual machinist bonus and raised the company’s 401(k) match.

Please select this link to read the complete article from NBC News.