Boeing machinists union leadership has endorsed the latest contract proposal and is calling for a vote early next week, possibly bringing an end to a weekslong strike.'It is time for our Members to lock in these gains and confidently declare victory,' The International Association of Machinists and Aerospace Workers said in a statement. 'We believe asking members to stay on strike longer wouldn't be right as we have achieved so much success.
According to the company, the average machinist's pay would be $119,309 when the contract ends, an increase of about $43,700 from the previous contract's average.The new proposal also combines a $7,000 ratification bonus from the previously rejected contract, and a $5,000 retirement benefit into one $12,000 lump sum that members can choose to either add to their paychecks, their 401k or a combination of the two.