financetom
Business
financetom
/
Business
/
Striking machinists at Boeing Defense approve union's proposed contract that company rejected
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Striking machinists at Boeing Defense approve union's proposed contract that company rejected
Sep 21, 2025 2:42 AM

*

IAM union will send approved offer to Boeing Defense

*

Boeing ( BA ) management refused to consider union-proposed

contract

*

Union seeks larger bonus, retirement contributions, wage

hikes

By Dan Catchpole

Sept 19 (Reuters) - Striking workers at Boeing Defense

approved a four-year contract proposal from union leadership

that management has already refused to consider, the

International Association of Machinists and Aerospace Workers

(IAM) announced Friday.

On Wednesday, Boeing Defense leadership dismissed the

offer, which was unilaterally proposed after talks stopped, as a

"publicity stunt." The company has said it would hire

replacement workers to assemble munitions, fighters and other

military aircraft in the St. Louis area.

The IAM's proposed offer builds on earlier proposals from

Boeing Defense, adding a larger ratification bonus than

management offered, heftier company contributions to the

retirement plan and steeper wage increases for workers at the

hourly wage ceiling.

Union officials said they drafted the proposal because the

company has not been willing to resume talks since the roughly

3,200 members of IAM District 837 voted 57% to reject Boeing's ( BA )

last offer on September 12.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Grab Holdings Q1 Loss Narrows, Revenue Rises
Grab Holdings Q1 Loss Narrows, Revenue Rises
May 16, 2024
03:59 AM EDT, 05/16/2024 (MT Newswires) -- Grab Holdings ( GRAB ) posted a Q1 loss late Wednesday of $0.03 per diluted share, narrower than the loss of $0.06 per share a year earlier. Analysts polled by Capital IQ expected a loss of $0.01 per share. Revenue for the quarter ended March 31 was $653 million, up from $525 million...
Newly privatised Toshiba to cut 4,000 jobs in restructuring drive
Newly privatised Toshiba to cut 4,000 jobs in restructuring drive
May 16, 2024
TOKYO (Reuters) - Japan's Toshiba said on Thursday it will cut up to 4,000 jobs domestically as the industrial conglomerate accelerates restructuring under new ownership. Toshiba delisted in December due to a $13 billion takeover by a consortium led by private equity firm Japan Industrial Partners (JIP), capping a decade of scandal and upheaval. The consortium's efforts to engineer a...
Indonesia expects oil and gas investments to rise 29% to $17 billion in 2024
Indonesia expects oil and gas investments to rise 29% to $17 billion in 2024
May 16, 2024
BANGKOK, May 16 (Reuters) - Indonesia expects investments in its oil and gas sector to rise 29% in 2024, the chairman of regulator SKK Migas told Reuters, as it races to ramp up drilling and exploration following the recent exits of global giants Shell and Chevron ( CVX ). An immediate push in oil and gas investments is crucial for...
ZTO Express Q1 Adjusted Earnings, Revenue Advance
ZTO Express Q1 Adjusted Earnings, Revenue Advance
May 16, 2024
04:00 AM EDT, 05/16/2024 (MT Newswires) -- ZTO Express ( ZTO ) reported Q1 adjusted earnings late Wednesday of 2.68 Chinese renminbi ($0.37) per diluted American depositary share, up from 2.33 renminbi a year earlier. Four analysts polled by Capital IQ expected 2.35 renminbi. Revenue for the quarter ended March 31 was 9.96 billion renminbi, up from 8.98 billion renminbi...
Copyright 2023-2026 - www.financetom.com All Rights Reserved