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Boeing defense workers to vote on revised contract offer

By David Shepardson WASHINGTON (Reuters) - Boeing (NYSE:BA) defense workers in the St. Louis area on Wednesday are set to vote on the company's revised contract offer after they...
Boeing defense workers to vote on revised contract offer © Reuters. FILE PHOTO: A Boeing logo is pictured during the European Business Aviation Convention & Exhibition (EBACE) in Geneva, Switzerland, May 23, 2022. REUTERS/Denis Balibouse

By David Shepardson

WASHINGTON (Reuters) - Boeing (NYSE:BA) defense workers in the St. Louis area on Wednesday are set to vote on the company's revised contract offer after they canceled a strike that had been set to start Monday.

The International Association of Machinists and Aerospace Workers (IAM) said Saturday an overnight bargaining session had led to the new Boeing offer. The union represents about 2,500 employees at the three plants.

Under the new contract offer https://www.iam837.org/news/new-contract-offer-from-boeing, employees can opt to receive an $8,000 lump sum payment - minus tax withholdings - upon ratification or can choose to have the entire amount deposited in a 401(k) plan. The company is dropping its revised 401(k) match proposal.

The union local said in a web posting that if the contract is rejected, a strike would begin just at 12:01 a.m. Thursday.

Boeing said in a statement Saturday its "new offer builds on our previous strong, highly competitive one and directly addresses the issues raised by our employees. We are hopeful they will vote yes on Wednesday."

Workers at the three plants in Missouri and Illinois build the F-15, F-18, T-7A trainer, and the MQ-25 unmanned refueler. Boeing said on July 24 it was activating a contingency plan in the event of a strike.

The standoff began after the union had criticized Boeing's proposed 401(k) payments in the contract offer and workers rejected it.

"Boeing previously took away a pension from our members, and now the company is unwilling to adequately compensate our members' 401(k) plan," IAM said on July 24.

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10-08-2022 21:57:14 (UTC+7)

EUR/USD

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 EUR/USD1.0351↑ Buy
 GBP/USD1.2263↑ Buy
 USD/JPY132.20↑ Sell
 AUD/USD0.7099↑ Buy
 USD/CAD1.2761↑ Sell
 EUR/JPY136.84Neutral
 EUR/CHF0.9733↑ Buy
 Gold1,817.75↑ Buy
 Silver20.800↑ Buy
 Copper3.6482↑ Buy
 Crude Oil WTI88.94↑ Buy
 Brent Oil94.68↑ Buy
 Natural Gas8.097↑ Buy
 US Coffee C220.73Sell
 Euro Stoxx 503,747.75↑ Buy
 S&P 5004,196.83↑ Buy
 DAX13,680.39↑ Buy
 FTSE 1007,504.63↑ Buy
 Hang Seng19,610.84↑ Buy
 Small Cap 20001,955.90↑ Buy
 IBEX 358,341.50Neutral
 BASF44.428↑ Sell
 Bayer51.82Sell
 Allianz178.13Neutral
 Adidas172.75Neutral
 Lufthansa6.617Sell
 Siemens AG109.09Sell
 Deutsche Bank AG8.829Neutral
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# So hôm qua # Chênh TG
SJC Eximbank6,600/ 6,700
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Cập nhật lúc 18:51:10 10/08/2022
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