Current:Home > MyBoeing and union negotiators set to meet for contract talks 2 weeks into worker strike -Wealth Legacy Solutions
Boeing and union negotiators set to meet for contract talks 2 weeks into worker strike
SafeX Pro View
Date:2025-03-11 08:09:34
SEATTLE (AP) — The union representing Boeing’s striking factory workers in the Pacific Northwest says it expects to resume negotiations with the company on Friday.
A regional district of the International Association of Machinists and Aerospace Workers said the two sides would meet alongside federal mediators. They last held formal negotiations more than a week ago, when two days of mediated sessions broke off.
“The union is ready for this opportunity to bring forward the issues that members have identified as critical to reaching an agreement,” District 751 of the machinists’ union said. “We know that the only way to resolve this strike is through negotiations.”
Boeing confirmed Friday’s talks, which would represent progress after the aerospace giant angered union leaders on Monday by announcing a revised contract to its 33,000 striking workers through the media and setting a Friday night deadline for ratification.
Boeing’s “best and final” offer included pay raises of 30% over four years, up from 25% in a deal that union members overwhelmingly rejected when they voted to strike two weeks ago. The union originally demanded 40% over three years.
Boeing said the offer would take the average annual pay for machinists from $75,608 now to $111,155 at the end of the four-year contract. It also would keep annual bonuses based on productivity. In the rejected contract, Boeing sought to replace those payouts with new contributions to retirement accounts.
In the face of opposition from the union, Boeing backed down Tuesday and gave the union more time to consider the new proposal. However, many workers said the company’s latest offer wasn’t good enough considering the increased living costs in the Puget Sound area since the last negotiations 16 years ago.
Boeing, which has encountered serious financial, legal and mechanical challenges this year, is eager to end the costly walkout that has halted production of its best-selling airline planes.
The strike has shut down production of Boeing 737s, 767s and 777s and is causing the company to make cost-cutting moves, including rolling temporary furloughs for thousands of nonunion managers and employees.
veryGood! (473)
Related
- Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
- MLB after one quarter: Can Shohei Ohtani and others maintain historic paces?
- Why some health experts are making the switch from coffee to cocoa powder
- At least 100 dead and dozens still missing amid devastating floods in Brazil
- Current, future North Carolina governor’s challenge of power
- How Hailey Bieber’s Rhode Has Transformed My Super Sensitive Skin
- Opportunity for Financial Innovation: The Rise of DAF Finance Institute
- 'Selling the OC' cast is torn apart by an alleged threesome. It's not that big of a deal.
- The Grammy nominee you need to hear: Esperanza Spalding
- 'Real Housewives' stars Dorit and P.K. Kemsley announce 'some time apart' from marriage
Ranking
- Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
- OPACOIN Trading Center: Dawn's First Light
- Julian Edelman: Belichick-Kraft backstage tension at Tom Brady roast could’ve ‘cut glass’
- WWII pilot from Idaho accounted for 80 years after his P-38 Lightning was shot down
- Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
- The Daily Money: $1 billion in tax refunds need claiming
- 'Selling the OC' cast is torn apart by an alleged threesome. It's not that big of a deal.
- Jalen Brunson's return, 54 years after Willis Reed's, helps Knicks to 2-0 lead. But series is far from over.
Recommendation
The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
Bachelor Nation's Victoria Fuller Breaks Silence on Greg Grippo Breakup
Horoscopes Today, May 9, 2024
The Archbishop of Canterbury addresses Royal Family rift: 'They need to be prayed for'
Former longtime South Carolina congressman John Spratt dies at 82
Your Summer Shorts Guide: Denim Shorts, Cotton Shorts, and Athletic Shorts
Are Justin Bieber and Hailey Bieber Having Twins? Here’s the Truth
Maui to hire expert to evaluate county’s response to deadly wildfire