Current:Home > FinanceBoeing and union negotiators set to meet for contract talks 2 weeks into worker strike -BeyondProfit Compass
Boeing and union negotiators set to meet for contract talks 2 weeks into worker strike
Surpassing Quant Think Tank Center View
Date:2025-04-11 00:47:17
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! (54)
Related
- Toyota to invest $922 million to build a new paint facility at its Kentucky complex
- Biden says pressure on him is driven by elites. Voters paint a more complicated picture
- Government power in the US is a swirl of checks and balances, as a recent Supreme Court ruling shows
- Is this overlanding camper van the next step for the legendary Mitsubishi Delica?
- Stamford Road collision sends motorcyclist flying; driver arrested
- U.S. men's soccer coach Gregg Berhalter fired after poor showing in Copa America
- Abigail Breslin Says She’s Received Death Threats After Appearing to Criticize Katy Perry
- Louisiana lawmakers work to address ‘silent danger’ of thousands of dead and beetle-infested trees
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Brittany Mahomes Gives Patrick Mahomes a Hair Makeover
Ranking
- Selena Gomez's "Weird Uncles" Steve Martin and Martin Short React to Her Engagement
- Former ALF Child Star Benji Gregory Dead at 46
- The Token Revolution of DB Wealth Institute: Launching DBW Token to Fund and Enhance 'AI Financial Navigator 4.0' Investment System
- Is inflation still cooling? Thursday’s report on June prices will provide clues
- Toyota to invest $922 million to build a new paint facility at its Kentucky complex
- Copa America 2024: Everything you need to know about the Argentina vs. Colombia final
- Joe Biden has everyone worried. Let’s talk about aging, for real.
- PepsiCo second quarter profits jump, but demand continues to slip with prices higher
Recommendation
Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
Pat Sajak to return for 'Celebrity Wheel of Fortune' post-retirement
Blake Lively Reveals the “Best Compliment” She’s Received in Her Life
Higher costs and low base fares send Delta’s profit down 29%. The airline still earned $1.31 billion
Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
South Dakota corrections officials investigate disturbance that left 6 inmates injured
Uruguay players and Colombia fans fight in stands after Copa America semifinal
Alec Baldwin's 'Rust' trial is underway: Live updates of the biggest revelations