Current:Home > ScamsBoeing and union negotiators set to meet for contract talks 2 weeks into worker strike -FutureWise Finance
Boeing and union negotiators set to meet for contract talks 2 weeks into worker strike
TrendPulse Quantitative Think Tank Center View
Date:2025-04-10 19:57:04
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! (6614)
Related
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- Bling Empire Stars Pay Tribute to “Mesmerizing” Anna Shay Following Her Death
- Kathy Hilton Confirms Whether or Not She's Returning to The Real Housewives of Beverly Hills
- New York City Aims for All-Electric Bus Fleet by 2040
- 'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
- Where Jill Duggar Stands With Her Controversial Family Today
- Where did all the Sriracha go? Sauce shortage hiking prices to $70 in online markets
- Calif. Earmarks a Quarter of Its Cap-and-Trade Riches for Environmental Justice
- Rylee Arnold Shares a Long
- Taylor Swift and Matty Healy Break Up After Whirlwind Romance
Ranking
- What do we know about the mysterious drones reported flying over New Jersey?
- How a Farm Threatened by Climate Change Is Trying to Limit Its Role in Causing It
- NFL suspends 4 players for gambling violations
- Man with weapons and Jan. 6 warrant arrested after running toward Obamas' D.C. home
- Meta donates $1 million to Trump’s inauguration fund
- Wheeler Announces a New ‘Transparency’ Rule That His Critics Say Is Dangerous to Public Health
- Iowa woman wins $2 million Powerball prize years after tornado destroyed her house
- Florida bill allowing radioactive roads made of potentially cancer-causing mining waste signed by DeSantis
Recommendation
Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
Smoke From Western Wildfires Darkens the Skies of the East Coast and Europe
Harvard, universities across U.S. react to Supreme Court's affirmative action ruling
How a Farm Threatened by Climate Change Is Trying to Limit Its Role in Causing It
Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
A Timeline of Sarah Jessica Parker and Kim Cattrall's Never-Ending Sex and the City Feud
Trump Administration Offers Drilling Leases in the Arctic Wildlife Refuge, but No Major Oil Firms Bid
U.S. hostage envoy says call from Paul Whelan after Brittney Griner's release was one of the toughest he's ever had