Thursday, December 05, 2024 | Jumada al-akhirah 3, 1446 H
broken clouds
weather
OMAN
23°C / 23°C
EDITOR IN CHIEF- ABDULLAH BIN SALIM AL SHUEILI

Striking Boeing workers reject improved offer of 35% pay rise

No Image
minus
plus

Striking Boeing workers turned down the aircraft manufacturer's improved offer of a 35% pay raise over four years, meaning the strike, which has paralysed the production of the bestselling 737 model and the long-haul jet 777, continues.


The vote showed 64% of the rank and file opposed management's increased offer, the IAM union said in a statement on Wednesday.


"Ten years of holding workers back unfortunately cannot be undone quickly or easily, but we will continue to negotiate in good faith until we have made gains that workers feel adequately make up for what the company took from them in the past," union leaders JonHolden and Brandon Bryant said in the joint statement, which followed the vote tally.


The workers had previously rejected the first Boeing offer of a 25%increase by nearly 95%.


The new offer also included a one-time payment of $7,000 as well asretention of bonus payments that were originally to be abolished.


The strike started in mid-September. Boeing recently announced plans to cut 10% of jobs. Boeing chief executive Kelly Ortberg did not specify the exact number of positions to be axed, but stated that at the beginning of 2024, the aircraft manufacturer had a workforce of roughly 170,000 employees.


Ortbergexplained that the company needs to align its workforce with its financial reality.


The IAM has around 33,000 members at Boeing. The union last went on strike in 2008. That stoppage lasted 57 days and reportedly cost the company around $2 billion.


The union said it plans to send management new dates for further negotiations.


SHARE ARTICLE
arrow up
home icon