Mon Sep 23 22:39:48 UTC 2024: ## Boeing Offers Machinists 30% Raise in “Best and Final” Contract Offer

**SEATTLE, WA** – In a bid to end the ongoing strike by 33,000 machinists, Boeing has presented a “best and final” contract offer including a 30% raise over four years. The offer, which was deemed “historic” by Boeing, would significantly boost the average annual pay for machinists from $75,608 to $111,155.

The proposal includes an initial 12% raise, followed by 6% increases in each of the following three years. It also doubles the ratification bonus to $6,000, reinstates performance bonuses, and increases the company’s 401(k) matching contributions to 100%.

The union, representing members of the International Association of Machinists and Aerospace Workers, had previously overwhelmingly rejected Boeing’s offer of a 25% raise, no performance bonuses, and a 75% 401(k) match. The union’s president, Brian Bryant, said in a statement that the new offer confirms the workers were right to stand firm and demand more.

“Employees knew Boeing executives could do better, and this shows the workers were right all along,” Bryant said.

The union, which initially sought a 40% raise, is now reviewing the new proposal. They will be analyzing it to see if it meets their demands and helps workers regain ground on prior sacrifices.

Boeing has given the union until 11:59 p.m. Friday to accept the offer. The strike, which began earlier this month, has significantly impacted Boeing’s production and deliveries.

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