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Boeing machinists to vote on new proposal with 35% raises that could end strike

www.cnbc.com Boeing machinists to vote on new proposal with 35% raises that could end strike

The IAM will vote Wednesday on the new proposal which includes 35% wage increases over four years, a higher signing bonus of $7,000 and more.

Boeing machinists to vote on new proposal with 35% raises that could end strike
  • Boeing and its machinists' union have reached a new contract proposal.
  • The deal could end a more than month-long strike that has hobbled the manufacturers' production.
  • The new proposal includes 35% wage increases over four years, a higher signing bonus of $7,000, guaranteed minimum payouts in an annual bonus program and higher 401(k) contributions.
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