Boeing withdraws pay offer to striking workers as negotiations reach stalemate
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Contributor since / Followers
Contributor since / Followers
11 hours ago
Stephen Brashear
- Boeing (NYSE:BA) Tuesday evening said that it had withdrawn an offer to around 33,000 striking employees, noting the International Association of Machinists and Aerospace Workers did not seriously consider its proposal.
- In a communication to employees, Boeing Commercial Airplanes CEO Stephanie Pope said that the union’s demands were “not negotiable” and additional negotiations “do not make sense at this point,” Reuters reported.
- IAM confirmed that Boeing has withdrawn its Sept. 23 offer, adding that a poll of members found an overwhelming number were not happy with it.
- The union is asking for a 40% pay raise over four years and the return of a defined-benefit pension plan. Boeing has offered a 30% raise plus a performance bonus.