Boeing Offer Rejected Amid Machinists Strike

Boeing's latest 'best and final' offer to its 33,000 striking machinists includes a 30% pay increase over four years, a $6,000 ratification bonus, and reinstated performance bonuses. However, the International Association of Machinists and Aerospace Workers (IAM) has rejected the proposal, criticizing Boeing for bypassing the union's negotiating committee and not addressing key demands such as a traditional pension plan. The union argues that Boeing's tactics are a blatant show of disrespect and aim to undermine union solidarity. As the strike continues, financial pressures mount on both sides, with Boeing introducing furloughs and workers losing health insurance by month's end. The strike, which began on September 13, is being closely monitored by both Wall Street and the White House due to its potential economic impacts.