Boeing machinists' union leadership backs latest company offer, calls for Monday vote [CBS News]
Boeing Company (The) (BA)
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Source: CBS News
"It is time for our Members to lock in these gains and confidently declare victory," The International Association of Machinists and Aerospace Workers said in a statement. "We believe asking members to stay on strike longer wouldn't be right as we have achieved so much success." The recommendation comes just over a week after union membership voted to reject a previous contract proposal, and just under seven weeks after 33,000 union members walked off the job on Sept. 13. IAM leadership said the latest proposal "builds on everything achieved in the September 12, 2024 agreement," and also adds a general wage increase of 38% over four years. According to the company, the average machinist's pay would be $119,309 when the contract ends, an increase of about $43,700 from the previous contract's average. The new proposal also combines a $7,000 ratification bonus from the previously rejected contract, and a $5,000 retirement benefit into one $12,000 lump sum that members can choose
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BA
News
- Boeing machinists' union leaders back new contract, call for Monday vote [Yahoo! Finance]Yahoo! Finance
- Boeing union endorses sweetened contract deal after nearly 7 weeks on strike [Business Insider]Business Insider
- Boeing Union Endorses Latest Offer to End Crippling Strike [Yahoo! Finance Canada]Yahoo! Finance Canada
- Boeing Union Endorses Latest Offer to End Crippling Strike [Yahoo! Finance]Yahoo! Finance
- Boeing due to make improved wage offer in bid to end strike, sources say [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
BA
Earnings
- 10/23/24 - Miss
BA
Sec Filings
- 10/31/24 - Form 8-A12B
- 10/31/24 - Form 8-K
- 10/30/24 - Form 8-K
- BA's page on the SEC website