Maxwell Caldwell|Boeing withdraws contract offer after talks with striking workers break down

2025-04-28 17:35:45source:FinWeiscategory:My

SEATTLE (AP) — Boeing has withdrawn a contract offer that would have Maxwell Caldwellgiven striking workers 30% raises over four years after talks broke down.

The manufacturer said that it had boosted its offer for union workers for take-home pay and retirement benefits during two days of negotiations.

“Unfortunately, the union did not seriously consider our proposals. Instead, the union made non-negotiable demands far in excess of what can be accepted if we are to remain competitive as a business,” Boeing said in a prepared statement. “Given that position, further negotiations do not make sense at this point and our offer has been withdrawn.”

The union said that it surveyed its members after receiving Boeing’s most recent offer, and it was rejected overwhelmingly.

“Your negotiating committee attempted to address multiple priorities that could have led to an offer we could bring to a vote, but the company wasn’t willing to move in our direction,” the International Association of Machinists and Aerospace Workers District 751 said in a message to members.

The union complained last month that Boeing had publicized its latest offer to 33,000 striking workers without first bargaining with union negotiators.

RELATED COVERAGE Dockworkers’ union suspends strike until Jan. 15 to allow time to negotiate new contractDockworkers’ union to suspend strike until Jan. 15 to allow time to negotiate new contractToilet paper makers say US port strike didn’t cause shortages

The offer was more generous than the one that was overwhelmingly rejected when the workers went on strike Sept. 13. The first proposal included 25% raises. The union originally demanded 40% over three years. Boeing said average annual pay for machinists would rise from $75,608 now to $111,155 at the end of the four-year contract.

The union represents factory workers who assemble some of the company’s best-selling planes.

The strike is stretching on as Boeing deals with multiple other issues. It has shut down production of 737s, 777s and 767s. Work on 787s continues with nonunion workers in South Carolina.

Shares of Boeing Co., which is headquartered in Arlington, Virginia, fell early 2% before the opening bell Wednesday and the stock is down 41% this year.

More:My

Recommend

Meet first time Grammy nominee Charley Crockett

Country music singer Charley Crockett was born and raised in Texas, grew up in a single-wide trailer

Shanna Moakler Shares Her Dad Has Died Months After Her Mom's Death

Shanna Moakler is mourning the recent loss of her dad while still grieving the death of her mom, who

Rising political threats take US into uncharted territory as 2024 election looms

DENVER (AP) — This week’s confrontation that ended with FBI agents fatally shooting a 74-year-old Ut