Boeing Increases Pay Offer Amid Union Strike Entering Second Week
After more than a week of strike, boeing conceded and proposed a 30% pay raise, calling it the "best and final" version of the plan.
The major strike involves 0.033 million assembly machinists of boeing's popular aircraft. Analysts say that due to the strike, boeing's 'cash cow' 737 Max and other jetliners' production halts may lead to boeing burning through an extra $1.3 billion in cash each month.
Express News | Spirit Aero conducted an investigation into abnormal parts records in the past decade and found no potential safety issues.
boeing (BA.US) proposed a 30% salary increase to quell strikes but was firmly rejected by the union.
boeing (BA.US) bypassed angry union leaders and directly proposed a 30% pay raise to striking workers.
Boeing Union Balks at Sweetened Pay Offer Citing 'Disrespect'
Express News | Boeing offered a "final" quote to striking workers; the union refused to vote.