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Boeing Offers ‘Final’ Offer to Striking Workers
September 24, 2024
Boeing offered a revised wage offer to its striking workers, terming it as “best and final offer”. The new offer proposed a 30% hike in wages for thousands of striking workers. It also proposed to reinstate a performance bonus, improve retirement benefits and double a ratification bonus to $6,000 if the workers accept the offer by Friday. However, the worker’s union said that the offer was made without a new round of negotiations and that the proposal does not go far enough to address their concerns. The workers had earlier rejected the 25% hike offer given by the company and continue to demand a 40% hike as well as the restoration of the performance bonus. The strike continue to cost Boeing billions of dollars and the company has been put under negative outlook by all three major rating agencies.
Boeing’s bonds traded stable with its 2030s at 100.8, yielding 4.97%
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