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Boeing offers new deal to end 7-week strike: What to know

Striking Boeing mechanics are scheduled to vote Monday on a new deal that could end a strike that has spanned more than seven weeks.

The International Association of Machinists (IAM), which represents approximately 33,000 mechanics, announced A preliminary contract was approved earlier this week.

“Your union supports and recommends the latest IAM/Boeing contract proposal. It is time for your members to secure these outcomes and confidently declare victory,” the union wrote Thursday. . in post “We have had a lot of success so far, so we don't think it's right to ask our members to continue the strike for much longer.”

“In every negotiation or strike, there is a point when you have extracted everything possible through bargaining and withholding of labor,” they added. “We are at that stage now and there is a risk of a regressive or lower offer down the road.”

According to sources, the latest deal would see wages rise by 38% over four years. release. Boeing also agreed to update employee ratification bonuses under the collective bargaining agreement to $12,000 (an increase of $5,000 from the previous offer) and increase contributions of $401,000.

Union members voted late last month to reject a previous agreement that provided a 35% pay increase over four years and a ratification allowance of just $7,000. “When companies treat their workers unfairly year after year, there are consequences,” union leaders said in their decision.

Boeing, which has received national attention due to strikes and recognition of safety deficiencies earlier this year, implemented cost-cutting measures after the strike began on September 13th. The measures included hiring freezes, furloughs, executive pay cuts and pay suspensions. to many lobbying firms in Washington.

The company was already struggling with production and quality control challenges after a door on a Boeing 737 Max blew off during an Alaska Airlines flight in January, sparking a crackdown from Congress and regulators.

The union initially called for a 40% raise over three years and the reinstatement of traditional pensions – which were frozen for active workers at the time and extended to workers hired after January 2014. was not applied. According to Associated Press.

According to one source, the strike had cost the company, its employees and suppliers more than $9.66 billion as of October 28. new quote The strike, by consulting firm Anderson Economic Group, is the most expensive of the year.

IAM members will vote on the latest contact information on Monday.

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