Boeing makes 'final' offer of 30% wage increase to striking workers

Published On Sep 23, 2024, 5:10 PM

Boeing has made a 'final' contract offer to striking employees that includes a 30% wage increase over four years and a $6,000 ratification bonus. This comes as the striking union workers demand a 40% pay increase. The situation is critical for Boeing, which has begun furloughs for thousands of employees as the strike could lead to significant financial losses, potentially amounting to billions of dollars if unresolved. The labor dispute poses a risk to the company’s credit rating and overall financial health.