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Boeing Machinists to Vote on New Contract Proposal Amidst Five-Week Strike
Unionized Boeing machinists, who have been on strike for five weeks, will vote Wednesday on a new contract proposal offering a 35% pay hike over four years. This could bring an end to the costly work stoppage that has affected Boeing’s production lines and strained its finances.
Strike Background and Proposal Details
Since September 13, around 33,000 workers in Washington state and other West Coast locations have halted production of Boeing’s 737 MAX, 767, and 777 models. The new proposal includes a $7,000 ratification bonus, enhanced 401(k) retirement contributions with a one-time $5,000 boost, and an incentive plan.
Boeing has expressed optimism about the vote, stating, "We look forward to our employees voting on the negotiated proposal." However, union members had previously rejected a similar offer, pushing for a 40% wage increase and the return of defined-benefit pensions.
Industry-Wide Impact
The strike has impacted Boeing's suppliers, with Spirit AeroSystems announcing furloughs. Pressure from the U.S. Chamber of Commerce and Acting U.S. Secretary of Labor Julie Su, who participated in the negotiations, adds urgency to reach an agreement.
While the new offer seems favorable, some older workers remain dissatisfied due to the absence of pension restoration. A final decision on the contract will be made by the workers, as noted by a White House spokesperson, stating that President Biden supports the collective bargaining process.
