Boeing strikers to vote on 35% pay rise offer

Published On Oct 19, 2024, 1:06 PM

Boeing is offering its striking machinists a 35% pay increase over four years in a bid to end a month-long strike involving about 33,000 workers. The strike has disrupted the production of several aircraft models. Although the pay increase is closer to union demands, it does not include a defined-benefits pension that the union is advocating for. Boeing's financial situation is dire, with plans to lay off 17,000 workers and seeking $35 billion in additional funding due to the ongoing impact of the strike. The Federal Aviation Administration has also imposed restrictions on Boeing's production capabilities due to safety concerns.