ST. LOUIS (KMOX) - Boeing has made a new offer to striking IAM 837 members. The aerospace giant is now offering 6-thousand-dollar bonus money up front.
Paid holidays at new, higher contract rate.
And third, service and sick leave anniversary dates will not change. That 6-thousand dollar bonus is 3-thousand-dollars more from the previous offer.
The retention bonus was removed to provide more cash up front. In the new offer, there is no change in Progression and New Pay Enhancements. Vacation, retirement, and healthcare there are no changes from the previous offer.
Here is the break down:
Steve Parker, president and CEO of Boeing Defense, Space & Security (BDS), addressing next steps with the union.
Team,
I know the strike has been stressful for everyone. With the holidays approaching, we want to get everyone back to work and provide stability for you and your families with higher wages, health care and guaranteed holiday pay.
We’ve heard from many of you that you’re ready to vote on another contract offer, and that you’d like more cash up front rather than Boeing stock. We’ve taken all of that to heart with a revised offer that incorporates your feedback while continuing to stay within the economic value of our prior offers:
We’re now offering a ratification bonus of $6,000. To move more cash up front, the restricted stock units and the retention bonus have been removed.The first day back at work would be Nov. 17. Your pay increase, including the 8% GWI and the July COLA fold, would be reflected in the Nov. 27 paycheck.To further benefit you and your families, we are also offering the following terms that will only be available with this offer:
If you are currently above your 80 hours cap on vacation time, you can choose to cash out the time that can’t be carried over if you do so by Jan 31, 2026.Your service and sick leave anniversary dates will not change. As you know, we have already hired permanent replacement workers as we moved into the next phase of our contingency plan and are fully staffed in some areas. Despite that, we will guarantee that all IAM 837 members will be returned to work if this offer is ratified. No one would be displaced. This is not something we will be able to guarantee moving forward.
Everything else from our previous offer remains the same, including more wage growth for those of you at max, and more vacation and sick leave for everyone. That means the average base pay will go from $75,000 to $109,000 a year. And, there’s the potential for even more value with overtime.
Please take the time to consider this offer with your family. A yes vote on Wednesday would also guarantee paid holidays during the Thanksgiving and Winter Breaks. Let’s get back to work and move forward together.
Steve