Boeing machinist union endorses latest offer, vote coming Monday

Boeing’s (BA) machinist union endorsed the company’s latest contract proposal and said a vote is scheduled for Monday. IAM Union District 751 said, “Your Union is endorsing and recommending the latest IAM/Boeing Contract Proposal. It is time for our Members to lock in these gains and confidently declare victory. We believe asking members to stay on strike longer wouldn’t be right as we have achieved so much success. In every negotiation and strike, there is a point where we have extracted everything that we can in bargaining and by withholding our labor. We are at that point now and risk a regressive or lesser offer in the future. This contract builds on everything achieved in the September 12, 2024 agreement, with the additional gains you achieved by going on strike. The two significant changes in this offer from the last one are: -38% GWI over four years – 13%, 9%, 9%, 7%, which compounds to 43.65% over the life of the agreement -The $12,000 Ratification bonus combines the previous $7k ratification bonus and the $5K lump sum into the 401k. Now, members can choose how this total amount is received – in your paycheck, contribution to your 401K, or a combination of both.”