Union chief says Boeing’s latest offer a $1B gain
SEATTLE (AP) — The international president of the Machinists union says Boeing’s revised contract offer is an improvement of more than $1 billion.
In a letter to union members, Tom Buffenbarger said the offer that workers will consider next week is a significant improvement over a contract the union rejected last month.
Boeing is seeking a new contract with Machinists in the Seattle area of Puget Sound that would move workers away from traditional pension plans. In the revised offer, Boeing has backed away from a proposal that would have slowed the rate at which employees rise up the pay scale. The company is also offering $5,000 in additional bonus money and improved dental coverage.
Boeing has vowed to build the company’s new 777X airplane in Puget Sound if the Machinists agree to the new contract.