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If the four-year contract is approved, employees in Washington, Oregon (specifically Portland), and California will see their base pay increase by the highest percentage ever recorded in the company's history.
Furthermore, they will each receive a one-time payment of $3,000.
This refers mainly to the staff working on making the 737 MAX, 767, 777/777X, P-8, KC-46A Tanker, and E-7 Wedgetail planes.
The agreement also requires Boeing to manufacture the new plane in Washington state. According to the Associated Press, that was one of the main requests from the association.
The union will go on strike if an agreement is not met by Friday. There will be a vote on Thursday to approve the contract.
Sheila Kahyaoglu, an analyst at Jefferies, predicted that Boeing could face approximately $3 billion in losses due to the strike.
source: bloomberg.com
Furthermore, they will each receive a one-time payment of $3,000.
This refers mainly to the staff working on making the 737 MAX, 767, 777/777X, P-8, KC-46A Tanker, and E-7 Wedgetail planes.
The agreement also requires Boeing to manufacture the new plane in Washington state. According to the Associated Press, that was one of the main requests from the association.
The union will go on strike if an agreement is not met by Friday. There will be a vote on Thursday to approve the contract.
Sheila Kahyaoglu, an analyst at Jefferies, predicted that Boeing could face approximately $3 billion in losses due to the strike.
source: bloomberg.com