Current:Home > StocksBoeing and union negotiators set to meet for contract talks 2 weeks into worker strike -TruePath Finance
Boeing and union negotiators set to meet for contract talks 2 weeks into worker strike
View
Date:2025-04-13 23:25:39
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! (775)
Related
- Toyota to invest $922 million to build a new paint facility at its Kentucky complex
- Nate Burleson will be key part of CBS and Nickelodeon's Super Bowl coverage
- These Grammy 2024 After-Party Photos Are Pitch Perfect
- 2024 Pro Bowl Games winners, losers: NFC dominates skills challenges, Manning bro fatigue
- Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
- Streaming services can cost a pretty penny: Here are 7 ways to cut down on your bill
- These 33 Under $40 Valentine’s Day Jewelry Pieces Look Expensive and They’ll Arrive on Time for Gifting
- Sen. Kyrsten Sinema rebukes election question that makes Americans really hate politics
- DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
- Super Bowl media day: Everything to know about Super Bowl opening night
Ranking
- Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
- 2024 Grammys: Olivia Rodrigo and Taylor Swift Prove Feud Rumors Are Old News
- Horoscopes Today, February 4, 2024
- TikTok is full of budgeting and other financial tips. Can they boost your financial IQ?
- Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
- Why Miley Cyrus Called Out Audience at 2024 Grammy Awards
- Nate Burleson will be key part of CBS and Nickelodeon's Super Bowl coverage
- Selena Gomez and Benny Blanco’s 2024 Grammys After-Party Date Night Will Capture Your Attention
Recommendation
Jamie Foxx reps say actor was hit in face by a glass at birthday dinner, needed stitches
Coast Guard searching for man who went missing after sailing from California to Hawaii
'This show isn't the facts': Drake criticizes Grammys, honors 'all you incredible artists'
South Carolina Democratic primary turnout for 2024 and how it compares to previous years
Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
Kelly Rizzo Dating Breckin Meyer 2 Years After Husband Bob Saget’s Death
Doctor who prescribed 500,000 opioids in 2-year span has conviction tossed, new trial ordered
Fantasy football meets Taylor Swift in massive 'Swiftball' competition