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To avoid strike, Boeing promises 25% pay hike—and to build next jet in Seattle
Boeing offers largest wage increase ever to avoid work stoppage it cannot afford.
Boeing is hoping to avoid a strike Friday with a tentative deal reached Sunday with the Machinists union representing 33,000 of its West Coast employees fighting for better wages and working conditions. The potential deal guarantees that over the next four years, Boeing employees would receive a 25 percent pay raise, as well as "lower medical cost share to make healthcare more affordable, greater company contributions toward" retirement, and "improvements for a better work-life balance," Pope said. In addition to better perks like 12 weeks of paid parental leave, a new floating holiday, and reduced mandatory overtime, the contract also would give workers "a seat at the table regarding the safety and quality of the production system," IAM's negotiating team said.
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