Current:Home > StocksBoeing and union negotiators set to meet for contract talks 2 weeks into worker strike -Wealth Empowerment Zone
Boeing and union negotiators set to meet for contract talks 2 weeks into worker strike
View
Date:2025-04-17 17:45:32
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! (2777)
Related
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- Here Are the Irresistible Hidden Gems from Amazon’s Big Spring Sale & They’re Up to 83% off
- Trump's Truth Social is losing money and has scant sales. Yet it could trade at a $5 billion value.
- What is Purim? What to know about the Jewish holiday that begins Saturday evening
- What polling shows about Minnesota Gov. Tim Walz, Harris’ new running mate
- USMNT Concacaf Nations League final vs. Mexico: How to stream, game time, rosters
- Heat records keep puzzling, alarming scientists in 2024. Here's what to know.
- Former gaming executive sentenced to death in poisoning of billionaire Netflix producer in China
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- Swiping on dating apps has turned into a career for some. Here's how they turned love into a job.
Ranking
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- Maximize Your Time and Minimize Your Spending With 24 Amazon Deals for People Who Are Always on the Go
- Russia and China veto U.S. resolution calling for cease-fire in Gaza as Blinken visits Israel
- Stock symbols you'll LUV. Clever tickers help companies attract investors.
- Charges: D'Vontaye Mitchell died after being held down for about 9 minutes
- At least 2 killed, several injured in crash involving school bus carrying pre-K students outside Austin, Texas
- 2024 Ford Ranger Raptor flexes its off-road muscles in first-drive review
- BTW, The K-Beauty Products You've Seen All Over TikTok Are on Major Sale Right Now on Amazon
Recommendation
The GOP and Kansas’ Democratic governor ousted targeted lawmakers in the state’s primary
Hardy souls across New England shoveling out after major snow storm
Patrick Mahomes and Brittany Mahomes Bring Their Kids to Meet Bluey in Adorable Photo
Save up to 50% on Kitchen Gadgets & Gizmos Aplenty from Amazon’s Big Spring Sale
Jamaica's Kishane Thompson more motivated after thrilling 100m finish against Noah Lyles
Mifepristone access is coming before the US Supreme Court. How safe is this abortion pill?
Thunderstorms delay flights at Miami airport, suspend music festival and disrupt tennis tournament
Grimes Debuts New Romance 2 Years After Elon Musk Breakup