Boeing announced on Monday that it has presented a final offer to the striking union machinists, which includes improved terms compared to the previously rejected contract. The company stated that the new offer features substantial pay raises and bonuses in an effort to resolve the ongoing strike.
The revised offer includes a significant pay raise of 30% over a four-year period, up from the initial proposal of 25% that was turned down by the union members. Additionally, Boeing has decided to double the ratification bonuses to $6,000 and reinstate the annual bonuses that were initially intended to be replaced with contributions to workers' retirement accounts.
According to Boeing, the average annual pay for machinists is expected to increase from $75,608 to $111,155 by the end of the proposed four-year contract. The company emphasized that these adjustments are aimed at addressing the concerns raised by the striking workers and ensuring a fair and competitive compensation package.
Boeing has made it clear that the acceptance of this final offer is crucial for the resolution of the strike. The company specified that the offer is contingent upon the ratification of the contract by the members of the International Association of Machinists and Aerospace Workers by late Friday night.
