Current:Home > MyBoeing and union negotiators set to meet for contract talks 2 weeks into worker strike -WealthPro Academy
Boeing and union negotiators set to meet for contract talks 2 weeks into worker strike
View
Date:2025-04-20 14:29:12
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! (41)
Related
- Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
- Supreme Court allows Biden administration to limit immigration arrests, ruling against states
- Book bans are on the rise. Biden is naming a point person to address that
- New Study Projects Severe Water Shortages in the Colorado River Basin
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Wyoming's ban on abortion pills blocked days before law takes effect
- Taylor Swift and Ice Spice's Karma Remix Is Here and It's Sweet Like Honey
- New Study Projects Severe Water Shortages in the Colorado River Basin
- This was the average Social Security benefit in 2004, and here's what it is now
- Book bans are on the rise. Biden is naming a point person to address that
Ranking
- Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
- Lawyers fined for filing bogus case law created by ChatGPT
- The 25 Best Amazon Deals to Shop on Memorial Day 2023: Air Fryers, Luggage, Curling Irons, and More
- Many LGBTQ+ women face discrimination and violence, but find support in friendships
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Another $1.2 Billion Substation? No Thanks, Says Utility, We’ll Find a Better Way
- Millionaire says OceanGate CEO offered him discount tickets on sub to Titanic, claimed it was safer than scuba diving
- Obama’s Oil Tax: A Conversation Starter About Climate and Transportation, but a Non-Starter in Congress
Recommendation
North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
Be a Part of Halle Bailey and Boyfriend DDG's World With This PDA Video
Hailee Steinfeld Steps Out With Buffalo Bills Quarterback Josh Allen
Two years after Surfside condo collapse, oldest victim's grandson writes about an Uncollapsable Soul
New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
Most-Shopped Celeb-Recommended Items This Month: Olivia Culpo, Ashley Graham, Kathy Hilton, and More
Two IRS whistleblowers alleged sweeping misconduct in the Hunter Biden tax investigation, new transcripts show
What Happened to Natalee Holloway: Breaking Down Every Twist in the Frustrating Case