RENTON, Wash. — The standoff between Boeing and 33,000 striking machinists continues.
Negotiation broke off during the latest negotiations between the plane manufacturer and the International Association of Machinists. The union posted about it on social media, reiterating demands for higher pay and to bring back pensions.
This stalemate comes after union leadership, and its members, rejected the company’s latest proposal, deemed the “best and final offer.”
“We know history helps you prevent making mistakes in the future,” said Steven Chin, a striking machinist. “Look at the history. We lost pensions in 2014.”
Boeing’s “best and final” offer includes the following:
- 30% wage increase over four years
- $6,000 ratification bonus
- Reinstated performance bonuses
- 100% match on 401(k) contributions up to 8%.
The company set a Sept. 27 deadline for the union to vote on it, but IAM leadership and its members were outraged, slamming Boeing for not going through the proper channels to share an offer.
“People need to know what’s going on,” Chin said. “We shouldn’t be finding out offers through the media.
Boeing backed off its deadline but would like to see the union vote on a deal as soon as possible. The union previously stated their goals included a 40% wage increase over the length of the new contract, reinstatement of a pension program and better healthcare options.
Economic analysts estimate the strike has cost Boeing more than half a billion in revenue.
To cut costs, the company has furloughed thousands of nonunion workers. CEO Kelly Ortberg has implemented furloughs for one week out of four until the strike concludes. Executive pay was also cut by 25%. The company issued a hiring freeze and travel restrictions.
Boeing shared the following statement regarding the ongoing strike on Sunday.“We remain committed to resetting our relationship with our represented employees and negotiating in good faith and want to reach an agreement as soon as possible. We are prepared to meet at any time.”