
Update: Bering Air Crash Site Located
A Bering Air Cessna Caravan disappeared from radar on Thursday in western Alaska. The aircraft was carrying 10 people, of…
The latest agreement includes 35% pay increases and a signing bonus of $7,000.
Boeing’s Everett, Wash. factory in 2019. (Photo: AirlineGeeks | Fangzhong Guo)
Boeing Machinists are set to vote on a new deal between the aerospace giant and International Association of Machinists and Aerospace Workers District 751. The union announced Saturday that it had reached a tentative agreement with Boeing.
The 33,000 Machinists will vote on the new agreement Wednesday. Boeing is also releasing its third-quarter earnings on the same day, which are likely to include a loss of $6 billion.
Lasting over a month so far, the ongoing strike has crippled Boeing, effectively halting its 737 production output. Last week, the manufacturer announced that it would lay off 10% of its workforce in a move to “align with our financial reality,” CEO Kelly Ortberg told employees.
According to the union, the latest tentative deal includes 35% pay increases over four years, a five percent increase from previous offers. Boeing will also extend a $7,000 one-time bonus after the contract is signed, a $1,000 increase over the September proposal.
A number of other improvements were also included in the new deal, including retirement plan enhancements and incentive pay. Acting U.S. Secretary of Labor Julie Su helped broker the latest proposal.
Ryan founded AirlineGeeks.com back in February 2013 and has amassed considerable experience in the aviation sector. His work has been featured in several publications and news outlets, including CNN, WJLA, CNET, and Business Insider. During his time in the industry, he's worked in roles pertaining to airport/airline operations while holding a B.S. in Air Transportation Management from Arizona State University along with an MBA. Ryan has experience in several facets of the industry from behind the yoke of a Cessna 172 to interviewing airline industry executives. Ryan works for AirlineGeeks' owner FLYING Media, spearheading coverage in the commercial aviation space.
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