Boeing has proposed a new deal in an attempt to end an ongoing strike by the International Association of Machinists and Aerospace Workers.
The aircraft manufacturer has floated a deal that would give workers a 38 percent wage increase over the next four years, in addition to a $12,000 bonus for workers upon reaching an agreement between the two sides.
The union, which represents more than 30,000 striking employees, supported the new offer despite previously demanding a 40 percent wage increase. Its members have already rejected two offers, including a 35 percent raise.
“It is time for our members to realize these gains and declare victory with confidence,” the association said after the presentation. “We believe that asking members to remain on strike for a longer period would not be right because we have had so much success.”
“We encourage all of our employees to learn more about the enhanced offering and vote on November 4,” Boeing said in a statement.
The strike, which began on September 13, is believed to have cost nearly US$10 billion, and Boeing shares have fallen more than 40 percent year to date.
To counter the impact of the strike, Boeing launched a stock sale last week, raising nearly $21 billion from the public offering. The company is also preparing to lay off about 17,000 employees, a tenth of its workforce, as well as delay the delivery date of its 777X aircraft due to the disruption caused by the strike.
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