The EA-18G Growler, a variant in the F/A-18 family. [Courtesy: U.S. Navy]
Key Takeaways:
Striking Boeing Defense workers will vote on a new contract offer this week, after three months on the picket line, which includes a $6,000 ratification bonus but replaces previous stock and retention incentives.
The latest proposal is largely similar to previous offers rejected by union members (IAM District 837) who have sought pay commensurate with their skill and experience.
Boeing is urging ratification, guaranteeing all striking members will return to work if accepted (a guarantee that won't extend if rejected, as replacement workers have been hired), and highlighting average base pay growth and increased vacation/sick leave.
The manufacturer’s proposal includes a $6,000 ratification bonus but not the restricted stock units and retention bonus that were part of previous offers. Boeing said it removed those incentives to “move more cash up front.”
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Zach Vasile is a writer and editor covering news in all aspects of aviation. He has reported for and contributed to the Manchester Journal Inquirer, the Hartford Business Journal, the Charlotte Observer, and the Washington Examiner, with his area of focus being the intersection of business and government policy.
