Boeing Makes Final Offer to Striking Machinists

Boeing presented its "best and final offer" to striking union machinists on Monday. The updated offer would see them receive a 30% pay increase over four years, up from the previously rejected 25%. Additionally, the company has proposed doubling the ratification bonuses to $6,000 and reinstating annual bonuses, which Boeing had intended to replace with retirement account contributions. Under the offer, the average annual pay for machinists would escalate from $75,608 to $111,155 by the end of the four-year contract.

The company's proposal underscores an attempt to address the union's concerns by offering substantial economic improvements compared to the earlier, declined offer. Boeing says members of the International Association of Machinists and Aerospace Workers would need to ratify the contract by late Friday. (This story was generated by Newser's AI chatbot. Source: the AP)