Boeing workers on Oct. 23 voted 64% against accepting Boeing’s latest contract proposal that included a company 401(k) match of 100% of the first 8% contributed, up from 75%, and a special guaranteed company retirement contribution of 4%.
The union members rejected a proposal that also would have increased general wages by 35% over four years and reinstated the Aerospace Machinists Performance Plan, with a guaranteed minimum annual payout of 4%.
That means that the strike will continue, a news release said.
“The elected negotiating committee of workers did not recommend for or against this particular proposal,” said Jon Holden, president of the International Association of Machinists and Aerospace Workers, District 751 and Brandon Bryant, president of IAM District W24in a joint statement following the votes being tallied.
“After 10 years of sacrifices, we still have ground to make up, and we’re hopeful to do so by resuming negotiations promptly.“
The union said in the release that it plans to immediately send new dates for further negotiations to the company.
“We have been feverishly working to find a solution that works for the company and meets our employees' needs,” said Boeing President and CEO Kelly Ortberg, in a statement issued along with Boeings third quarter earnings report earlier in the day of Oct. 23.
Boeing executives declined to comment on the union vote.
