The China Mail - Striking Boeing workers set to vote on latest offer

USD -
AED 3.673042
AFN 64.000368
ALL 81.264432
AMD 360.340403
ANG 1.789785
AOA 917.000367
ARS 1545.506907
AUD 1.457418
AWG 1.8025
AZN 1.70397
BAM 1.75029
BBD 2.013844
BDT 124.537437
BGN 1.747831
BHD 0.377772
BIF 2991.837758
BMD 1
BND 1.281347
BOB 11.99429
BRL 5.497604
BSD 0.999897
BTN 93.858629
BWP 13.774679
BYN 2.994523
BYR 19600
BZD 2.011053
CAD 1.41288
CDF 2315.000362
CHF 0.820095
CLF 0.024862
CLP 978.510396
CNY 6.688504
CNH 6.67222
COP 3244.78
CRC 453.465426
CUC 1
CUP 23.998962
CVE 98.678647
CZK 21.83704
DJF 177.720393
DKK 6.70758
DOP 60.760377
DZD 136.369631
EGP 53.824304
ERN 15
ETB 164.116992
EUR 0.89729
FJD 2.265604
FKP 0.741654
GBP 0.748912
GEL 2.60504
GGP 0.741654
GHS 11.683738
GIP 0.741654
GMD 74.503851
GNF 8856.154607
GTQ 7.64085
GYD 209.627114
HKD 7.839565
HNL 26.875436
HRK 6.76901
HTG 131.052321
HUF 326.029504
IDR 18109.35
ILS 3.18593
IMP 0.741654
INR 93.95675
IQD 1515.921743
IRR 1891353.000352
ISK 122.730386
JEP 0.741654
JMD 158.687685
JOD 0.70904
JPY 158.23504
KES 129.880385
KGS 87.447804
KHR 4073.961373
KMF 441.00035
KPW 899.999961
KRW 1362.590383
KWD 0.31094
KYD 0.833408
KZT 448.201333
LAK 22494.272623
LBP 89542.808303
LKR 332.502562
LRD 169.993019
LSL 16.535754
LTL 2.95274
LVL 0.60489
LYD 6.398697
MAD 9.7739
MDL 17.8737
MGA 4543.684976
MKD 55.217614
MMK 2099.952938
MNT 3601.972253
MOP 8.072028
MRU 40.368171
MUR 47.030378
MVR 15.455039
MWK 1733.939535
MXN 18.634185
MYR 4.058704
MZN 63.910377
NAD 16.536864
NGN 1347.090377
NIO 36.79922
NOK 9.46256
NPR 150.173627
NZD 1.804645
OMR 0.384498
PAB 0.999964
PEN 3.444468
PGK 4.556905
PHP 63.100504
PKR 276.535369
PLN 3.940875
PYG 6249.384815
QAR 3.654602
RON 4.789804
RSD 105.542038
RUB 82.000386
RWF 1475.916015
SAR 3.754695
SBD 8.051718
SCR 14.047318
SDG 601.503676
SEK 9.893265
SGD 1.28278
SHP 0.745545
SLE 22.910371
SLL 20969.504398
SOS 571.446471
SRD 37.583504
STD 20697.981008
STN 21.925605
SVC 8.748764
SYP 13001.999685
SZL 16.531226
THB 33.545038
TJS 9.224126
TMT 3.51
TND 2.991995
TOP 2.40776
TRY 50.15585
TTD 6.780829
TWD 32.784204
TZS 2642.503628
UAH 45.297
UGX 4089.81484
UYU 40.226773
UZS 11931.108854
VES 893.769038
VND 25582.5
VUV 119.513361
WST 2.778515
XAF 588.583931
XAG 0.01927
XAU 0.00024634941
XCD 2.70255
XCG 1.801976
XDR 0.707052
XOF 588.583931
XPF 106.728476
YER 236.175037
ZAR 16.54567
ZMK 9001.203584
ZMW 20.318702
ZWL 321.999592
SSP 5745.196153
MXV 2.096419
  • RYCEF

    0.4000

    19.71

    +2.03%

  • CMSC

    0.0000

    20.4

    0%

  • BTI

    0.4200

    56.05

    +0.75%

  • BP

    0.2800

    44.43

    +0.63%

  • RBGPF

    1.6000

    67

    +2.39%

  • RIO

    -0.1500

    94.41

    -0.16%

  • AZN

    -0.4300

    166.15

    -0.26%

  • GSK

    0.4600

    49.7

    +0.93%

  • BCE

    -0.4100

    20.56

    -1.99%

  • NGG

    -0.2500

    75.24

    -0.33%

  • VOD

    -0.0400

    16.58

    -0.24%

  • RELX

    -0.4500

    33.07

    -1.36%

  • BCC

    -0.5500

    76.59

    -0.72%

  • CMSD

    -0.0300

    20.27

    -0.15%

  • JRI

    -0.2500

    10.77

    -2.32%

Striking Boeing workers set to vote on latest offer
Striking Boeing workers set to vote on latest offer / Photo: © AFP/File

Striking Boeing workers set to vote on latest offer

Striking workers at Boeing will vote Monday on the aerospace giant's latest contract proposal to end a bruising walkout that has dragged on for more than seven weeks.

Text size:

The vote by some 33,000 machinists in the Pacific Northwest could pave the way for production to resume at two Seattle-area factories that build the 737 MAX and 777 aircraft after workers voted down two previous offers.

Chief Executive Kelly Ortberg has implored strikers to ratify the deal.

"I know the strike has been difficult for you as well as for our customers, suppliers, communities and all who work at Boeing," Ortberg said Friday in a message to employees.

"It's time we all come back together and focus on rebuilding the business and delivering the world's best airplanes. There are a lot of people depending on us."

The International Association of Machinists and Aerospace Workers (IAM) District 751 has been on strike since September 13, adding to Boeing's woes amid heightened regulatory scrutiny of production and quality control following safety lapses.

Facing a cash crunch, the aviation giant also launched a stock offering last week that raised more than $20 billion.

Boeing's latest proposal for its workers includes a 38 percent wage increase over the four years of the contract, up from a 35 percent hike in the prior proposal and closer to the 40 percent initially sought by the union.

The proposal also allows IAM members to take a $12,000 bonus as an immediate cash payment rather than splitting the funds between a $7,000 immediate payment and a $5,000 contribution to their 401K retirement plans.

Jon Holden, head of the Seattle union, urged members to "lock in" the contract's gains in a message on the group's website.

"You can confidently declare victory, vote yes for this agreement and build on this for generations to come," Holden said. "Your entire bargaining committee believes it is time to settle this strike and move forward."

The IAM's explicit support marks a shift from its stance on the previous contract offer, which the union said was worthy of bringing to a vote but did not endorse.

Holden's stance comes after Ortberg personally participated in the latest negotiations, telling the IAM this would be the final contract offer before the company starts reversing earlier concessions, according to a report in the Seattle Times.

On September 12, members overwhelmingly rejected an offer of a 25 percent raise over four years. A second offer, which promised a 35 percent pay raise, was rejected by nearly two-thirds of members on October 23.

The latest contract proposal requires the company to boost contributions to employee 401K plans but does not reinstate the old pension plan after a 2014 contract eliminated the program for new employees.

- Demanding payback -

The IAM strike has been driven by worker exasperation after more than a decade of near stagnant pay -- a problem exacerbated by higher inflation in recent years and higher living costs in the Seattle region, a growing tech hub.

Many employees are angry over the hard bargain Boeing drove during negotiations in 2011 and 2014, a period when the company was profitable.

Mike Corsetti, a quality inspector who has worked at Boeing for 13 years, said he was again leaning against the latest offer after voting down the previous proposals.

"I'm leaning towards the side of 'Boeing can do better,'" said Corsetti, who views restoring the pension as a priority, along with additional restrictions on when the company can demand overtime work.

Corsetti said the company's difficult financial situation is a result of its own mistakes, including the decision to lowball workers with previous offers during the contract negotiations.

But Kamie Bryan, who has worked in Everett for nearly 18 years, said she planned to vote yes this time after rejecting the prior proposals.

Bryan said the latest pay hike was close to the IAM's original ask. She is also concerned about colleagues who are running out of money and have gone to food banks for their families.

"I can financially make it until December, but I have a lot of union brothers and sisters who are struggling," she said. "I think it's a pretty good offer."

M.Chau--ThChM