After new Boeing contract offer, machinists union members will vote to end strike

The machinists union with more than 33,000 members that has been striking for more than a month will vote on a new, revised contract offer from Boeing, the union announced Saturday morning.

In a statement, the union, the International Association of Machinists (IAM) and Aerospace Workers District 751, announced that “with the help of Acting U.S. Secretary of Labor Julie Su, we have received a negotiated proposal and resolution to end the strike, and it warrants presenting to the members and is worthy of your consideration.”

The union listed a series of key tenets of the deal, most notably a 35% general wage increase spread over four years, including 12% in Year 1, 8% in Year 2, 8% in Year 3 and 7& in Year 4. The union had been seeking a 40% raise. Boeing initially offered a 25% raise before coming up to 30% in a previous offer.

In addition, the Aerospace Machinists Performance Plan (AMPP), an incentive plan, will be reinstated, with a guaranteed minimum annual payout of 4%. That includes the 2024 payout in February 2025.

https://mynorthwest.com/3999418/boeing-machinists-union-reach-tentative-deal/