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Instead of a strike, Boeing employees will vote on a revised contract offer

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News Tech: Unions representing about 2,500 workers at three Boeing defense facilities in the St. Louis area said Saturday they would vote on the company’s proposed contract amendments, ending a strike that was due to begin Monday. The International Association of Machinists and Aerospace Workers (IAM) said overnight negotiations had resulted in a new Boeing proposal and workers would vote on whether to accept it on Wednesday. Under the new contract offer, if the employee chooses or chooses to receive a lump sum payment of USD 8,000 (after deduction of withholding tax) by the employee I can do it.

The stalemate began after the union criticized Boeing for its 401(k) payments in the contract and workers rejected the offer. IAM said on July 24, “Boeing previously took pensions away from members, but now the company does not want to properly compensate members for his 401(k) plans.” said. His 2% contribution in 2023 and his 2024. Boeing was also offering a $3,000 ratification bonus. Boeing currently provides a 4% corporate contribution and a 75% subsidy for the first 8% of employee contributions.

That he paid the full amount to the 401(k) plan. The company is withdrawing its revised 401(k) compliance proposal. “This new product builds on our previous strong and highly competitive product and directly addresses issues raised by our employees,” Boeing said in a statement on Saturday. I hope they vote yes on Wednesday”. Workers at his three factories in Missouri and Illinois build F-15s, F-18s, T-7A trainers, and MQ-25 unmanned tankers. Boeing announced on July 24 that it would activate its contingency plan in the event of a strike.

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