-
Kenya's economy faces climate change risks: World Bank
-
OpenAI co-founder under fire in Musk trial over $30 bn stake
-
Amazon to ship stuff for any business, not just its own merchants
-
Passengers stranded on cruise off Cape Verde following suspected virus deaths
-
What is hantavirus, and can it spread between humans?
-
Two dead as car ploughs into crowd in Germany's Leipzig
-
Demi Moore joins Cannes Festival jury
-
Two dead after car ploughs into people in Germany's Leipzig: mayor
-
Stars set for Met Gala, fashion's biggest night
-
France launches one-euro university meals for all students
-
Mysterious world beyond Pluto may have an atmosphere: astronomers
-
Energy crisis fuels calls to cut methane emissions
-
Hantavirus: spread by rodents, potentially fatal, with no specific cure
-
Musk vs OpenAI trial enters second week
-
Japan PM says oil crisis has 'enormous impact' in Asia-Pacific
-
Seoul, Taipei hit records as Asian stocks track Wall St tech rally
-
Boeing faces civil trial over 737 MAX crash
-
Pacific Avenue Capital Partners Enters into Exclusive Negotiations to Acquire ESE World, Amcor's European Waste Container Business
-
Three die on Atlantic cruise ship from suspected hantavirus: WHO
-
Two die in 'respiratory illness' outbreak on Atlantic cruise ship
-
More Nepalis drive electric, evading global fuel shocks
-
Latecomer Japan eyes slice of rising global defence spending
-
German fertiliser makers and farmers struggle with Iran war fallout
-
OPEC+ to make first post-UAE production decision
-
Massive crowds fill Rio's Copacabana beach for Shakira concert
-
US airlines step up as Spirit winds down
-
Aviation companies step up as Spirit winds down
-
'Bookless bookstore': audio-only book shop opens in New York
-
Venezuelan protesters call government wage hike a joke
-
S&P 500, Nasdaq end at fresh records on tech earnings strength
-
Pope names former undocumented migrant as US bishop of West Virginia
-
Trump says will raise US tariffs on EU cars to 25%
-
ExxonMobil CEO sees chance of higher oil prices as earnings dip
-
After Madonna and Lady Gaga, Shakira set for Rio beach mega-gig
-
King Charles gets warm welcome in Bermuda after whirlwind US visit
-
Coe hails IOC gender testing decision
-
Baguettes take centre stage on France's Labour Day
-
Iran offers new proposal amid stalled US peace talks
-
French hub monitors Hormuz tensions from afar
-
Oil steady after wild swing, stocks diverge in thin trading
-
Chinese swimmer Sun Yang reports cyberbullying to police
-
Iran activates air defences as Trump faces congressional deadline
-
India's cows offer biogas alternative to Mideast energy crunch
-
Crude edges up after wild swing, stocks track Wall St rally
-
Formerra Appoints Matt Borowiec as Chief Commercial Officer
-
New Princess Diana documentary promises her own words
-
Oil slumps after hitting peak, US indices reach new records
-
Venezuela leader hikes minimum wage package by 26%
-
Apple earnings beat forecasts on iPhone 17 demand
-
Bangladesh signs biggest-ever plane deal for 14 Boeings
Striking Boeing defense workers to vote on latest contract
More than 3,000 striking Boeing defense workers will vote Thursday on a revised contract proposal that comes closer to their demands.
Boeing's latest offer -- which has been endorsed by IAM District 837 union leaders behind the strike -- includes an upfront "ratification bonus" of $6,000.
If accepted, striking workers in the midwestern states of Missouri and Illinois would return to work after walking off the job on August 4.
The offer replaces the prior proposal of a $3,000 signing bonus plus $3,000 in restricted stock.
The earlier contract, which was narrowly rejected by workers on October 26, also included a $1,000 "retention bonus" in year four that has been dropped in the latest version.
Boeing has said previously it was recruiting replacement workers for striking staff, and while the company is proceeding with that plan, it confirmed that workers would still have a job if they ratified the latest contract.
"We will guarantee that all IAM 837 members will be returned to work if this offer is ratified. No one would be displaced," said a statement released by Steve Parker, president and CEO of Boeing Defense, Space and Security. "This is not something we will be able to guarantee moving forward."
- Union leaders back offer -
Union leaders with the International Association of Machinists and Aerospace Workers (IAM) had pressed for a higher bonus more in line with the one achieved by IAM members in the Pacific Northwest last November, following a strike that lasted more than seven weeks.
In that dispute, Seattle-area IAM members won a signing bonus of $12,000 following a strike that lasted more than seven weeks. The Seattle strike shuttered two major Boeing commercial airline manufacturing plants.
IAM representatives recognized that they were unlikely to garner a $12,000 bonus for midwestern workers in light of the higher cost of living in the Seattle region compared with St. Louis, leading union representatives to push for $10,000 at one point in the negotiations.
But IAM District 837 leaders have backed the latest proposal from Boeing, saying in a message to members it "recommends acceptance of the offer" in light of the shift on the bonus proposal to a $6,000 up-front payment.
"If ratified, return-to-work would begin with the third shift on Sunday, Nov. 16," the IAM message said.
The Boeing machinists work on F-15 and F-18 combat aircraft, the T-7 Red Hawk Advanced Pilot Training System and MQ-25 unmanned aircraft in factories in Missouri and Illinois.
C.Peyronnet--CPN