Current:Home > InvestBoeing and union negotiators set to meet for contract talks 2 weeks into worker strike -MoneyBase
Boeing and union negotiators set to meet for contract talks 2 weeks into worker strike
View
Date:2025-04-21 23:22:59
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! (3)
Related
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Far-right parties gain seats in European Parliament elections
- 'Unbelievable': Oregon man's dog runs 4 miles for help after car crash
- 4 US college instructors teaching at Chinese university attacked at a public park
- Travis Hunter, the 2
- Condemned Missouri inmate is ‘accepting his fate,’ his spiritual adviser says
- Nevadans vote in Senate primaries with competitive general election on horizon
- Why Bachelor's Joey Graziadei & Kelsey Anderson Have Been Living With 2 Roommates Since Show Ended
- SFO's new sensory room helps neurodivergent travelers fight flying jitters
- Americans are split on Biden’s student loan work, even those with debt, new AP-NORC poll finds
Ranking
- Tree trimmer dead after getting caught in wood chipper at Florida town hall
- Gayle King Shares TMI Confession About Oprah's Recent Hospitalization
- Future of Elon Musk and Tesla are on the line this week as shareholders vote on massive pay package
- Invasive furry-clawed crabs that terrorize fishermen have been found in New York
- Meta donates $1 million to Trump’s inauguration fund
- NBA mock draft: Zaccharie Risacher and Alex Sarr remain 1-2; Reed Sheppard climbing
- What the new ‘buy now, pay later’ rule means for small businesses offering the service
- Ohio city orders apartment building evacuation after deadly blast at neighboring site
Recommendation
Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
Adam Scott appears in teaser for new season of Apple TV's 'Severance': 'Welcome back'
Young Thug's attorney Brian Steel arrested for alleged contempt of court: Reports
Nevadans vote in Senate primaries with competitive general election on horizon
Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
A New York county with one of the nation’s largest police forces is deputizing armed residents
Judge agrees to let George Santos summer in the Poconos while criminal case looms
Grandparents, parents among 5 arrested in 8-month-old baby's mysterious disappearance