Proposed 35% pay increase over four years in Boeing's new offer to machinists

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Proposed 35% pay increase over four years in Boeing's new offer to machinists
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'We look forward to our employees voting on the negotiated proposal,' the company said in a statement about Wednesday's vote.

Union machinists and supporters wave picket signs in Everett, Washington, Thursday, Sept. 19, 2024, near a Boeing factory.

Around 33,000 Boeing machinists are set to vote on Wednesday on the latest proposal to end a weeks-long strike. Last month, workers overwhelmingly rejected a previous offer. According to IAM District W24, the offer includes a 35% pay increase over four years, among other line items. A Boeing spokesperson told KATU that the average annual machinist pay with the previous contract was $75,608. The average annual machinist pay at the end of this four-year contract will be $116,272 if the offer is accepted.SEE ALSO | Boeing strike could end as IAM reviews new contract with increased wages, benefits

“We look forward to our employees voting on the negotiated proposal,” the company said in a statement about Wednesday’s vote. But, despite some calling for Boeing to bring back pensions, a spokesperson for the company says that’s not a possibility. “There is no scenario where the company reactivates a defined-benefit pension for this or any other population.

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