Overview
- IAM Local 837 will hold a ratification vote on November 12 for more than 3,200 Boeing Defense workers in the St. Louis area.
- The proposal doubles the ratification bonus to $6,000, keeps 24% wage increases over five years, and removes RSUs and a $1,000 retention bonus to shift more cash upfront.
- Boeing Defense chief Steve Parker says the package would raise average base pay from about $75,000 to roughly $109,000 a year.
- Boeing says all IAM members would return to their jobs with no one displaced if the deal is approved, despite replacement hires during the strike.
- If ratified, the company says employees could return as soon as November 17 and work on F-15, F/A-18 and T-7A programs could resume within days.