cross-posted from: https://lemmy.world/post/21648625
From the article:
Unionized machinists at Boeing voted Monday to accept a contract offer and end their strike after more than seven weeks.
Leaders of the International Association of Machinists and Aerospace Workers district in Seattle said 59% of members who cast ballots agreed to approve the company’s fourth formal offer and the third put to a vote. The deal includes pay raises of 38% over four years, and ratification and productivity bonuses.
However, Boeing refused to meet strikers’ demand to restore a company pension plan that was frozen nearly a decade ago.
The average annual pay of Boeing machinists is currently $75,608 and eventually will rise to $119,309 under the new contract, according to the company.
So can Boeing just delay raises for 4 years and then replace workers at 3 years 11 months mark, or do they have protections in place? How does that work?
I suspect the 38% is roughly cut into 9.5% a year.
I’m glad the union has a majority in agreement on this step. But Boeing is going to regret not having any long-term skill retention when they all leave for greener pastures because there’s no incentive to stay.
