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Boeing offers staff 25% pay hike in bid to avoid strike (www.bbc.com)

submitted 3 months ago by MicroWave to c/economics

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Boeing is offering its staff a 25% pay rise over four years in a bid to avoid a strike that could potentially shut down its assembly lines as early as Friday.

Union leaders representing more than 30,000 employees have urged the workers to support the proposal, describing it as the best contract they had ever negotiated.

If approved, the agreement would be an important achievement for Boeing's new chief executive, Kelly Ortberg, who faces pressure to fix the company's quality and reputational issues.

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[–] [email protected] 11 points 3 months ago (2 children)

it may cover future inflation but they needed it the last four years whee it would have been not bad.

[–] [email protected] 4 points 3 months ago

I consider any contract for raise in the future that doesn't reference inflation invalid because nobody who understands the terms would agree to such a contract and therefore we know someone didn't understand the terms.

[–] JoshuaFalken 2 points 3 months ago

I agree, the last four years have been rough. They could just make the 25% raise not only effective immediately, but retroactive from the beginning of the pandemic.

According to a quick search, the average IAM worker earns a salary of about $70k. This retroactive payment would cost about two billion dollars. They can afford it.