Boeing Co. (BA) employees on strike are scheduled to cast their votes on November 4 regarding a fresh contract proposition from the company. This proposal incorporates a compounded wage hike of 43.65%.
The proposed agreement also includes several advantages: a wage increment of 38% before compounding, a $12,000 ratification bonus, a pension multiplier of $105 annually, a special company retirement contribution of 4%, and a reinstated AMPP incentive plan ensuring a minimum annual payout of 4%.
Should the agreement be ratified, it will establish a new wage standard and secure additional benefits such as bonuses, retirement plans, and health care cost coverage, as noted by IAM District 751 President Jon Holden and IAM District W24 President Brandon Bryant.
Meanwhile, Boeing's shares are on the rise, increasing by 4.23% to reach $155.71 on the New York Stock Exchange.
