Overview

• Boeing's new offer includes a 30% pay raise over four years, up from the previously rejected 25%, but still falls short of the union's demand for a 40% increase over three years.
• The union representing 33,000 machinists and aerospace workers has not scheduled a vote on the revised contract, citing the need for more time to discuss with members.
• Union leaders and workers criticized Boeing for publicizing the offer through the media before formal negotiations, calling it an attempt to undermine the union.
• The ongoing strike, now in its 12th day, has halted production of Boeing's key aircraft models, including the 737 Max, and is costing the company an estimated $1.3 billion per month.
• Boeing has faced significant financial and regulatory challenges, including a recent FAA mandate to improve quality control following safety incidents and the grounding of the 737 Max.