The EA-18G Growler, a variant in the F/A-18 family. [Courtesy: U.S. Navy]
Key Takeaways:
Striking Boeing Defense workers are set to vote on a new contract offer this week, three months after walking off the job and rejecting previous, similar proposals.
The latest offer includes a $6,000 ratification bonus and increased average base pay from $75,000 to $109,000, but removes previously offered restricted stock units and retention bonuses in favor of more upfront cash.
Boeing is urging ratification before the holidays, guaranteeing all 3,200+ striking union members their return to work if the offer is accepted, a guarantee it states may not extend to future offers as permanent replacements have been hired.
The strike by workers assembling military aircraft and missile systems in Missouri and Illinois has slowed deliveries, including that of the F-15EX multirole fighter jet.
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.
