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30 August, 1999U.S. aircraft manufacturer makes large concessions with their "best and final offer" in order to fend off IAM strike threat.
USA: Shop floor militancy and hard-nosed bargaining late into Friday night produced a contract offer from Boeing that won the unanimous approval of the International Association of Machinists and Aerospace Workers' Negotiating Committee.
The proposed three-year agreement guarantees the following:
- no layoffs due to subcontracting for the life of the contract,
- an increase in pension benefits from US$40 per month per credited year of service to US$50 per month per credited year of service,
- a 10% "signing" bonus plus a 4% general wage increase (GWI) the first year, a 4% GWI the second year and a 3% GWI the third year.
Membership militancy also forced Boeing to withdraw takeaway demands that would have raised health insurance deductibles, instituted seven day-a-week, 24 hour-a-day production and denied retiree health insurance to workers hired after January 1, 2000.
Some 46,000 IAM members in Washington state, Kansas and Oregon will vote on the proposed new contract tomorrow (Wednesday), September 1.
Source: IAM Fax Link
The proposed three-year agreement guarantees the following:
- no layoffs due to subcontracting for the life of the contract,
- an increase in pension benefits from US$40 per month per credited year of service to US$50 per month per credited year of service,
- a 10% "signing" bonus plus a 4% general wage increase (GWI) the first year, a 4% GWI the second year and a 3% GWI the third year.
Membership militancy also forced Boeing to withdraw takeaway demands that would have raised health insurance deductibles, instituted seven day-a-week, 24 hour-a-day production and denied retiree health insurance to workers hired after January 1, 2000.
Some 46,000 IAM members in Washington state, Kansas and Oregon will vote on the proposed new contract tomorrow (Wednesday), September 1.
Source: IAM Fax Link