Striking Boeing workers to vote on deal offering 38% pay rise and bigger bonus

Date: 2024-11-01
people outside holding signs in front of white Boeing sign
Boeing factory workers on the first day of a strike near the entrance of a production facility in Renton, Washington, on 13 September 2024. Photograph: Matt Mills McKnight/Reuters
Boeing factory workers on the first day of a strike near the entrance of a production facility in Renton, Washington, on 13 September 2024. Photograph: Matt Mills McKnight/Reuters

Striking Boeing workers to vote on deal offering 38% pay rise and bigger bonus

More than 30,000 workers have been on strike since September and rejected two earlier offers from company

Striking Boeing workers will vote on an improved contract offer on Monday, which includes a 38% pay rise over four years and a bigger signing bonus, their union said on Thursday.

More than 30,000 factory workers who produce Boeing’s strongest-selling 737 Max commercial jet and other planes have been on strike since 13 September and have rejected two earlier offers from Boeing.

Boeing’s latest offer includes a $12,000 ratification bonus and the reinstatement of an annual bonus scheme that was not included in a previous offer, The International Association of Machinists and Aerospace Workers (IAM) said in a statement.

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IAM said it was endorsing the offer in advance of the vote.

Workers have been pushing for a 40% wage increase and the return of a defined-benefit pension that they lost a decade ago.

Last week, about 64% of the planemaker’s US west coast factory workers rejected an offer of a 35% general wage increase over four years that was not endorsed by the union.

Boeing shares rose 2.5% in after-hours trading after the offer was announced following an exclusive report by Reuters. Shares had closed down 3.2% earlier on Thursday.

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