Unionized factory workers at Boeing are voting Monday whether to accept a contract offer or to continue their strike, which has lasted more than seven weeks and shut down production of most Boeing passenger planes.
A vote to ratify the contract would clear the way for the aerospace giant to resume airplane production and bring in. If members of the International Association of Machinists and Aerospace Workers vote for a third time to reject Boeing's offer, it would plunge the company into further financial peril and uncertainty.
Union officials said they think they have gotten all they can though negotiations and a strike, and that if the current proposal is rejected, future offers from Boeing might be worse. They expect to announce the result of the vote Monday night.Sept. 13 with an overwhelming 94.6% rejection of Boeing's offer to raise pay by 25% over four years — far less than the union’s original demand for 40% wage increases over three years.
In addition to a slightly larger pay increases, the proposed contract includes a $12,000 contract ratification bonus, up from $7,000 in the previous offer, and larger company contributions to employees’ 401 retirement accounts.
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