Boeing and the union representing striking machinists have negotiated a new contract proposal that would provide bigger pay raises and bonuses in a bid to end a costly walkout that has crippled production of airplanes for more than a month.
The International Association of Machinists and Aerospace Workers said early Saturday that it plans to hold a ratification vote on Wednesday.
The union said the Boeing offer would increase pay by 35% over four years, up from 30% that the company offered last month. It also boosts the ratification bonus to $7,000 per worker instead of $6,000.
The new offer would not restore a traditional pension plan — a key demand of the 33,000 striking workers — but it would increase the amount of contributions to 401(k) retirement plans that Boeing would match. It would also retain performance bonuses that Boeing wanted to eliminate and make them at least 4% of pay, the union said.
''The fact the company has put forward an improved proposal is a testament to the resolve and dedication of the frontline workers who've been on strike — and to the strong support they have received from so many," union district presidents Jon Holden and Brandon Bryant said in a statement.
''We look forward to our employees voting on the negotiated proposal," Boeing said.
The union credited acting Labor Secretary Julie Su for helping produce the new proposal. Su met with company and union officials this week in Seattle in an indication of the Biden administration's concern about the strike's impact on the economy.
The union said some details — including when workers would return to their jobs if they approve the deal — will be part of Wednesday's vote.
