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Boeing proposes 30% wage hike to striking workers in its 'final' offer.
(www.voanews.com)
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this post was submitted on 23 Sep 2024
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This article doesn't specify, but based on the previous 25% offer, I'm guessing this new and improved proposal is also structured over four years.
New information to me is that the union initially sought a 40% increase. Kind of silly to think that when 90% of your workers decline an offer - any offer - that adding an extra few percent will get you an agreement.
I wrote this before when the union declined the 25% bump, but it bears repeating:
If Boeing were to pay the 40% the union is looking for upon returning to work, and committed to annual salary increases that were double whatever inflation is moving forward, they would have 32,000 employees that would never strike the rest of their careers.
But then the shareholders get less ROI and the bench needs their till.
How would they afford next year’s stock buyback?
Think of all the "extra" bolts that competent mechanics and engineers would put in airplane doors, you'd hurt margins...slightly. Hard no from Board.
What do you mean the article doesn't specify? It's literally the first sentence of the article.
Funny, I went through the article twice looking for the term length. Maybe I missed it because it's written and I was looking for a digit. Thanks for pointing that out.