Boeing workers to vote on new strike-ending offer next week

The strike by members of the International Association of Machinists and Aerospace Workers (IAM) began on September 13, affecting approximately 33,000 workers across Washington, Oregon, and California. This walkout came after a previous offer from Boeing was overwhelmingly rejected by the workers. The union aimed to secure better pay and working conditions for its members, who are critical to the production of Boeing's aircraft, including the 737 Max and the 767 and 777 models. In response to the ongoing strike, Boeing has put forth a new contract proposal aimed at alleviating the situation. This new offer includes a 35% pay increase over the next four years, an increase in the ratification bonus to $7,000 per worker, and the retention of performance bonuses, which had previously been under threat. However, the proposal does not restore the traditional pension plan, which remains a significant point of contention for many workers. To facilitate negotiations, acting Labor Secretary Julie Su met with union and company officials this week, emphasizing the Biden administration's interest in the strike's economic implications. The continued strike has already led to severe disruptions in production and has significant financial implications for Boeing, prompting the new leadership under Kelly Ortberg to consider drastic measures to stabilize the company. The imminent ratification vote is seen as a pivotal moment in these negotiations, with union leaders expressing optimism about the new proposal and its potential to bring an end to the strike, which has already led to substantial impacts on the aviation industry.