The EA-18G Growler, a variant in the F/A-18 family. [Courtesy: U.S. Navy]
Key Takeaways:
Striking Boeing Defense workers are voting this week on a new contract offer after three months on the picket line.
The latest proposal includes a $6,000 ratification bonus but removes previously offered restricted stock and retention bonuses, making it largely identical to past rejected contracts.
Boeing is urging ratification to resolve the strike before the holidays, guaranteeing all 3,200+ union members their jobs back and highlighting increased wage growth and benefits.
The ongoing strike by IAM District 837 members, who are seeking better pay, has slowed deliveries of military aircraft.
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.
