Oct 31 (Reuters) - Striking Boeing workers on the
U.S. West Coast will vote on an improved contract offer on
Monday, which includes a 38% pay rise over four years and a
bigger signing bonus, their union said on Thursday.
More than 30,000 factory workers who produce Boeing's ( BA )
strongest-selling 737 MAX commercial jet and other planes have
been on strike since Sept. 13 and have rejected two earlier
offers from Boeing ( BA ).
Boeing's ( BA ) latest offer includes a $12,000 ratification
bonus and the reinstatement of an annual bonus scheme that was
not included in a previous offer, The International Association
of Machinists and Aerospace Workers said in a statement.
IAM said it was endorsing the offer ahead of the vote.
Workers have been pushing for a 40% wage increase and the
return of a defined-benefit pension that they lost a decade ago.
Last week, some 64% of the planemaker's U.S. West Coast
factory workers rejected an offer of a 35% general wage increase
over four years that was not endorsed by the union.
Boeing ( BA ) shares rose 2.5% in after-hours trading after the
offer was announced following an exclusive report by Reuters.
Shares had closed down 3.2% earlier on Thursday.