Union members reject deal with Boeing, prolonging strike

Oct 23, 2024 · The strike by 33,000 workers at Boeing will continue after rank-and-file union members rejected an offer from the company in a vote on Wednesday and decided to remain on the picket lines instead.

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Boeing’s ‘final’ 30% Pay Hike Offer Isn’t Good Enough, Union Says

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Sep 24, 2024 · In the rejected contract, Boeing sought to replace those payouts with new contributions to retirement accounts. Boeing said average annual pay for machinists would …

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Why 94% Of Boeing's Union Rejected Management's Pay Deal

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Sep 16, 2024 · On the Boeing side, boardroom trust in the IAM leader has been knocked by the reversal, which saw his members roundly reject a contract he negotiated and supported, …

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Machinist Union Strike To Go On After Members Reject Boeing Offer

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Boeing’s offer included pay raises of 35% over four years. The version union members rejected when they voted to strike last month featured a 25% increase over four years.

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Boeing Workers Reject 35% Pay Hike To $140K, The Strike Continues

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Oct 24, 2024 · Striking Boeing workers rejected a labor deal that would have hiked pay by 35% over four years, the Machinists union announced Wednesday night. That means the work …

investors.com

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Boeing's Shares Fall After Workers Reject Latest Offer - Yahoo Finance

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Oct 24, 2024 · Some 64% of the planemaker's U.S. West Coast factory workers rejected the offer late on Wednesday, leaving assembly lines idle for nearly all of Boeing's commercial jets, …

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Boeing's Shares Fall After Workers Reject Latest Offer | Reuters

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Oct 24, 2024 · Some 64% of the planemaker's U.S. West Coast factory workers rejected the offer late on Wednesday, leaving assembly lines idle for nearly all of Boeing's commercial jets, …

reuters.com

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Boeing Will Sell $19 Billion In Shares To Avoid Credit Downgrade

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Oct 28, 2024 · Boeing plans $19 billion share sale to prevent credit downgrade as strike grinds on BY Greg McKenna Over 32,000 Boeing factory workers walked off the job last month.

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FAQs about Union members reject deal with Boeing, prolonging strike Coupon?

Did Boeing reject a new contract offer?

The latest rejected offer included pay raises of 35% over four years. IAM District 751 president Jon Holden speaks to union members while announcing that they voted to reject a new contract offer from Boeing, Wednesday, Oct. 23, 2024, at Seattle Union Hall in Seattle. [Photo: Lindsey Wasson/AP Photo] ...

Was Boeing's latest offer rejected by 64% of its members?

AFP via Getty Images The International Association of Machinists and Aerospace Workers (IAM)—the union representing the striking workers— said Boeing’s latest offer was rejected by 64% of its members who voted on it. ...

Why did Boeing machinists reject a contract offer?

Boeing Machinists on Wednesday rejected a contract offer meant to end the nearly six-week strike, with 64% voting against the proposal. That means 33,000 union members will not go back to work in Boeing’s factories in Everett, Renton and elsewhere. ...

What will Boeing do if it refuses to budge on a contract?

According to the Seattle Times, Holden said the negotiators will attempt to push Boeing more on issues it had refused to budge on—including a 40% wage increase, additional vacation and sick leave and the reinstatement of a pension plan. Boeing has not yet commented on the rejection of the contract by the striking workers. ...

How much would a rejected Boeing deal cost a company?

The rejected agreement would have raised Boeing’s labor costs by more than $1 billion annually, according to an analysis from Seth Seifman, an aerospace analyst at JPMorgan Chase. Boeing has already announced plans to cut its global workforce of 171,000 employees by about 10%, or 17,000 jobs. ...

Why did Boeing reject a 401(k) proposal?

The proposal also called for hiking Boeing's contribution to a 401 (k) plan, but it declined to fulfill workers' call for a reinstatement of the company's defined pension. The contract would have included a $7,000 ratification bonus for each worker, as well as a performance bonus that Boeing had sought to jettison. ...