(Bloomberg) — Boeing The company and its largest union said they have reached an agreement to potentially avoid a strike that would paralyze its aircraft manufacturing.
The IAM 751 union and the company said the offer includes a 25% pay increase over four years and a commitment to build the next Boeing. plane in the Seattle area.
The breakthrough came after a marathon negotiating session with a strike The vote comes after the current contract expires at midnight on Sept. 12. It marks a significant victory for Boeing’s new chief executive, Kelly Ortberg, who has signaled he wants to reset long-contentious labor relations at the planemaker.
But it is too early to tell whether the Boeing factory workers They will either support the measure or oppose its leaders. Anti-employer sentiment is on the rise, particularly among workers who were pressured to give up pensions a decade ago.
“The contract offer provides the largest overall pay increase in history, lower medical cost sharing to make health care more affordable, and increased company contributions to its retirementand improvements to better balance work and personal life,” said the president of Commercial Airplanes. Executive Director Stephanie Pope said this in a video message to employees.
Officials from Boeing and the International Association of Machinists and Aerospace Workers have been holed up in a Seattle hotel for nearly a month trying to find middle ground. floor over wages, retirement benefits, job security, health care and other issues. The talks are the first large-scale negotiations in 16 years between the company and the union representing 33,000 mechanics and factory workers in Washington and Oregon.
If workers resist the company’s offer, Boeing faces a strike that could shut down its Puget Sound factories, jeopardizing efforts to ramp up production of passenger jets after a near-catastrophe that exposed lax quality controls and manufacturing deficiencies.
–With the help of Danny Lee.
(Update with salary offer, Boeing executive comment).
More stories like this are available at bloomberg.com
Disclaimer:
The information contained in this post is for general information purposes only. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the post for any purpose.
We respect the intellectual property rights of content creators. If you are the owner of any material featured on our website and have concerns about its use, please contact us. We are committed to addressing any copyright issues promptly and will remove any material within 2 days of receiving a request from the rightful owner.