Boeing proposes 30% wage hike to striking workers in its 'final' offer.
Boeing proposes 30% wage hike to striking workers in its 'final' offer.
It is unclear if the new proposal will satisfy the more than 32,000 Boeing workers in Portland and the Seattle area who walked out September 13
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This article doesn't specify, but based on the previous 25% offer, I'm guessing this new and improved proposal is also structured over four years.
New information to me is that the union initially sought a 40% increase. Kind of silly to think that when 90% of your workers decline an offer - any offer - that adding an extra few percent will get you an agreement.
I wrote this before when the union declined the 25% bump, but it bears repeating:
If Boeing were to pay the 40% the union is looking for upon returning to work, and committed to annual salary increases that were double whatever inflation is moving forward, they would have 32,000 employees that would never strike the rest of their careers.
But then the shareholders get less ROI and the bench needs their till.
How would they afford next year’s stock buyback?
Think of all the "extra" bolts that competent mechanics and engineers would put in airplane doors, you'd hurt margins...slightly. Hard no from Board.
What do you mean the article doesn't specify? It's literally the first sentence of the article.
Boeing increased its wage proposal to tens of thousands of striking workers on Monday, offering a 30% general wage increase over four years in what it called its "best and final" offer as a work stoppage that began on September 13 drags on.
Funny, I went through the article twice looking for the term length. Maybe I missed it because it's written and I was looking for a digit. Thanks for pointing that out.