The International Association of Machinists and Aerospace Workers has criticized Boeing's latest "best and final" pay offer. The latest offer proposes a 30% wage increase over four years, a reinstated performance bonus, and enhanced retirement benefits. The union claims Boeing presented the offer without negotiation. Boeing, however, denied this, stating the offer was shared transparently. The union refuses to hold a membership vote on the deal before Boeing's September 27th deadline. The strike threatens to deepen Boeing's financial troubles and disrupt the broader US economy.
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00:00It's Benzinga, and here's what's on the block.
00:02The International Association of Machinists and Aerospace Workers has criticized Boeing's
00:07latest best and final pay offer.
00:10The latest offer proposes a 30 percent wage increase over four years, a reinstated performance
00:15bonus, and enhanced retirement benefits.
00:18The union claims Boeing presented the offer without negotiation.
00:21Boeing, however, denied this, stating the offer was shared transparently.
00:25The union refuses to hold a membership vote on the deal before Boeing's September 27th
00:30deadline.
00:31The strike threatens to deepen Boeing's financial troubles and disrupt the broader
00:34U.S. economy.
00:35For all things money, visit Benzinga.com.