The Strategist

Boeing and striking workers’ union to resume talks



09/30/2024 - 03:12



Boeing Co. from the US and the International Association of Machinists and Aerospace Workers (IAM) started negotiations again for a new collective bargaining agreement, as reported by Barron's.



The Lamb Family
The Lamb Family
By not voting on Boeing's 'final offer,' the union has chosen not to abide by the original deadline set for the vote and has instead extended the time for ratification.

The American Federal Mediation and Conciliation Service, which played a role in resolving a strike at Boeing plants in 2008, is currently participating in the talks.

The company's most recent offer, presented earlier, suggests a 30 per cent raise over four years, instead of the previous 25 per cent. If approved, the proposal would increase the typical salary for machinists in the northwest U.S. Atlantic Coast area to $111,155 annually from $75,608.

The initial request from the union was for a salary increase of 40 per cent spread out over a period of three years. Its members turned down a prior offer from Boeing.

According to the Financial Times, the IAM surveyed its members and found that they agreed the recent offer was unacceptable. They also felt it was inappropriate to announce the offer without consulting the union first.

source: ft.com