SPOKANE, Wash. — Boeing and its Machinist Union have reached a new contract proposal that aims to address ongoing labor disputes.
The proposal features a significant 35% wage increase over four years. The contract also includes a higher signing bonus of $7,000, guaranteed minimum payouts in an annual bonus program, and increased 401(k) contributions.
These terms come as part of efforts to find a resolution to the challenges faced. The workers are scheduled to vote on this new deal on Wednesday. If approved, this agreement could bring an end to a strike that has lasted for over a month, significantly affecting Boeing’s aircraft production.
This development is crucial for both Boeing and the union as they work towards a mutually beneficial agreement.
