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Union chief says Boeing’s latest offer a $1B gain

December 27, 2013

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.

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