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Boeing union backs sweetened contract offer that could end strike, sets vote for Monday Global | News Avenue

Boeing workers from the International Association of Machinists and Aerospace Workers District 751 gathered on a picket line near the entrance to a Boeing production facility to vote on a new contract proposal during an ongoing strike in Renton, Washington, USA, on October 23. 2024.

David Ryder | Reuters

boeing company and its machinists union have agreed on a new bargaining proposal to boost worker wages and potentially end a deep economic recession strike A vote on the new proposal was scheduled for Monday, starting seven weeks ago.

The union urged workers to ratify the contract. For Boeing, getting workers back into factories is a top priority as it faces Losses keep mounting.

“In every negotiation and every strike, there comes a time when we are doing everything we can to bargain and withhold labor,” International Association of Machinists and Aerospace Workers District 751 said Thursday. “We are at that stage now where the future may There will be a risk of declining or lower quotations.”

The union said on Thursday the new proposal included an overall wage increase of 38% over four years, up from the 35% previously proposed, taking the compound wage increase to nearly 44%. It also gives workers the choice of a one-time approval bonus of $12,000, or the previously offered $7,000 approval bonus and $5,000 in 401(k) contributions.

The union said asking its members to extend the strike “is not right because we have had so much success”.

Boeing has more than 32,000 mechanics, most of whom are based in the Seattle area. get off work on September 13, after rejecting the interim agreement. them rejected another offer Earlier this month, the strike was extended.

Boeing said Thursday that when the contract ends, the average machinist salary will be $119,309.

“Now is the time for all of us to come back together and focus on rebuilding our business and delivering the best airplanes in the world,” Boeing CEO Kelly Ortberg said in a note to employees on Friday. ” There are a lot of people relying on us.”

He urged workers to vote “because the outcome will affect us all.”

The Biden administration has been involved in negotiations during the strike, which halted most aircraft production at Boeing Co., the top U.S. exporter. Acting Labor Secretary Julie Su met with the company and the union this week.

Boeing strike leads to U.S. job losses in October Friday’s U.S. jobs reportthe last before the November 5 presidential election.

president Joe Biden Congratulations to the union and Boeing on their new contract proposal.

“Boeing’s machinists have made sacrifices over the years and deserve a strong contract,” he said in a statement Friday shortly after the jobs report was released.

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Ortberg said immediately Earnings Conference Call Last week the company had been “actively looking for solutions that fit the company and met the needs of its employees” since taking over in August. After a few hours, the workers rejected A negotiated proposal.

Boeing mechanic repeatedly calls for higher cost of living in Seattle area, where tech giants like Microsoft and Amazon Staffing has surged in recent years.

Under the new contract proposal, like previous contract proposals, Boeing vows to build its next aircraft in the Puget Sound region. A sore point for workers is that Boeing moved production of the 787 Dreamliner to a non-union plant in South Carolina.

The strike further delays plans by Boeing leaders to stabilize the aerospace giant, which is reeling from production defects and safety issues, the most recent of which was a door jam on a Boeing 737 Max that exploded in mid-air in early September. That year.

Boeing lost more than $6 billion last quarter and warned it would continue to burn cash through 2025.

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