On 28th, Boeing submitted a "best final" contract proposal to the largest trade union organization and made certain concessions to workers in order to avoid a strike. It was said within the next three years, Boeing will provide an average of 34,000 U.S. dollars in additional wages and bonuses to the staff who are under the International Association of Machinists and Aerospace Workers.
Boeing's previous proposal is 28,000 U.S. dollars.
Peter Jacobs, an aviation industry analyst form Ragen Mackenzie said Boeing seems to make another major concession, I think the possibility of a strike significantly decreased.
IAM members scheduled to vote for the contract on 3th, September. Then the current contract which has lasted for 36 months will expire. If there is no new contract, unions will be on strike on 4th, September.
If more than 34 percent of union members approve Boeing's latest proposal, the strike will be avoided. Because it is need to more than two-thirds majority of members vote against the proposal.
Any strike would further delay the time of Boeing 787 Dreamliner's delivery, which is essential to the company's future financial situation.
Originally Posted: China Business Daily
Author: Angulo Fu
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