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Striking Boeing workers to vote on 38% pay rise deal on Monday
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Striking Boeing workers to vote on 38% pay rise deal on Monday
Oct 31, 2024 4:20 PM

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.

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