Boeing (NYSE:BA) union workers who work on defense aircraft at several plants in Missouri have rejected the latest contract offer from the aerospace giant.
The rebuff comes after management and IAM Union District 837 Negotiating Committee on Sept. 10 said they had come to a tentative, 5-year agreement that would have boosted the average wage to $109K from $75K, as well as a $4K ratification bonus.
A Boeing briefing sheet on the offer states that the new offer represents 45% average wage growth, a 5% increase from a prior offer made in late July.
The union told KMOV-TVthat the latest offer’s signing bonus wasn’t as high as other workers have received, and lacked an increase in 401k benefits.
About 3,200 Boeing employees in Missouri began their strike on Aug. 4.
