Current:Home > FinanceBoeing and union negotiators set to meet for contract talks 2 weeks into worker strike -NextFrontier Finance
Boeing and union negotiators set to meet for contract talks 2 weeks into worker strike
View
Date:2025-04-18 08:53:13
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! (9269)
Related
- How breaking emerged from battles in the burning Bronx to the Paris Olympics stage
- Do dogs dream? It's no surprise – the answer is pretty cute.
- Gun Violence On Oahu’s West Side Has Parents And Teachers Worried About School Safety
- A jury acquits officials of bid-rigging charges in a suburban Atlanta county
- Police remove gator from pool in North Carolina town: Watch video of 'arrest'
- One of Matthew Perry's Doctors Agrees to Plea Deal in Ketamine-Related Death Case
- USA TODAY Sports' 2024 NFL predictions: Who makes playoffs, wins Super Bowl 59, MVP and more?
- Oklahoma rodeo company blames tainted feed for killing as many as 70 horses
- Elon Musk’s Daughter Vivian Calls Him “Absolutely Pathetic” and a “Serial Adulterer”
- John F. Kennedy Jr., Kick Kennedy and More: A Guide to the Massive Kennedy Family
Ranking
- A South Texas lawmaker’s 15
- Home contract signings hit lowest since 2001 as house hunters losing hope
- Farmers in 6 Vermont counties affected by flooding can apply for emergency loans
- Suspect in abduction and sexual assault of 9-year-old girl dies in car crash while fleeing police
- New Zealand official reverses visa refusal for US conservative influencer Candace Owens
- Judge allows smoking to continue in Atlantic City casinos, dealing blow to workers
- Murder conviction remains reinstated for Adnan Syed in ‘Serial’ case as court orders new hearing
- Tom Hanks Warns Fans Not to Be Swindled by Wonder Drug Scheme Using His Image
Recommendation
NCAA President Charlie Baker would be 'shocked' if women's tournament revenue units isn't passed
New Hampshire’s highest court upholds policy supporting transgender students’ privacy
Mike Lynch sunken superyacht could cost insurers massively, experts say
Error messages and lengthy online queues greet fans scrambling to secure Oasis reunion tickets
The Best Stocking Stuffers Under $25
Ulta Flash Deals Starting at $9.50: You Have 24 Hours to Get 50% off MAC, IGK, Bondi Boost, L'ange & More
Los Angeles to pay $9.5M in settlement over 2018 death of woman during police shootout with gunman
Top Deals from Coach Outlet Labor Day Sale 2024: $24 Wallets, $78 Bags & Up to 76% Off Bestselling Styles