Boeing mechanics vote on new proposal that could end the strike

Boeing and its machinists union have reached a new contract proposal, the union said Saturday, outlining a deal that could end a more than month-long strike that has hobbled production. aircraft manufacturers.

The ratification vote is set for Wednesday.

The new proposal includes a 35% salary increase over four years, a higher signing bonus of $7,000, a guaranteed minimum payout in the annual bonus program and higher 401(k) contributions along with other benefits. other changes.

Acting US Labor Secretary Julie Su met with both sides earlier this week. International Association of Machinists and Aerospace Workers: “With the help of Acting U.S. Secretary of Labor Julie Su, we have received a proposal and negotiated solution to end the strike and it is warranted to be presented to the members and worthy of your consideration.” 751 said in a statement Saturday.

the the strike began September 13 after more than 30,000 machinists overwhelmingly rejected a tentative deal that included a 25% pay increase over four years. Boeing then made one Sweet offer but the union objected and said it was non-negotiable.

“We expect our employees to vote on the negotiated proposal,” Boeing said in a statement.

Boeing is trying to stem the cash drain as it grapples with a safety crisis stemming from a near-fatal crash. door socket explosion on one of the 737 Maxes earlier in the year and challenges in other programs.

The company said earlier this month it would report a deep loss and take a roughly $5 billion charge on its commercial and defense units. A contract ratification on Wednesday, when Boeing also reports full results, would be a victory for the airline New CEO Kelly Ortbergwho took over the company’s top job in August, is tasked with reshaping the company.

On October 11, he announced job cuts 10% of Boeing’s workforce and the company will stop producing the 767 when the order is completed in 2027.