Latest News

The agreement striking Boeing workers authorized after rejecting earlier offers

Here is a sidebyside contrast of the key elements of 3 Boeing agreement offers for U.S. West Coast factory employees that have gone to votes given that September, according to information supplied by the company and the union.

The most recent deal was approved by union members on Monday, ending a seven-week strike.

DEAL AUTHORIZED BY 59% OF EMPLOYEES ON NOV. 4

Endorsed by union

Duration: Four years

General wage increase of 38%

$ 12,000 finalizing reward

Repair of yearly performance reward valued at up to 6%. with annual guaranteed reward of 4%

Retirement: Boeing 401( k) retirement strategy match increased to. 100% of first 8% of pay, plus automatic 4% company contribution

Pledge to develop Boeing's next business jet in the Seattle. area, supplied the program is introduced within the 4 years of. the contract.

OFFER REJECTED BY 64% OF WORKERS ON OCT. 23

Not endorsed by union

Period: Four years

General wage boost of 35%

$ 7,000 finalizing reward

Restoration of a yearly efficiency bonus offer

Retirement: Boeing 401( k) retirement plan match increased to. 100% of first 8% of pay, plus automatic 4% company contribution

Promise to build Boeing's next industrial jet in the Seattle. area, supplied the program is released within the four years of. the contract.

DEAL DECLINED BY NEARLY 95% OF EMPLOYEES ON SEPT. 12

Endorsed by union

Duration: Four years

General wage increase of 25%

$ 3,000 finalizing benefit

Removal of a yearly performance perk

Retirement: Boeing 401( k) retirement plan match is 75% of. the very first 8% an employee contributes, plus automatic 4% business. contribution.

Promise to build Boeing's next commercial jet in the Seattle. area, offered the program is launched within the 4 years of. the agreement.

(source: Reuters)