Boeing makes "best and final offer" to union
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Thu, 28 Aug 2008 19:41:16 GMT |
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NEW YORK (Reuters) - Boeing Co said on Thursday it made its "best and final" contract offer to its largest labor union, the International Association of Machinists and Aerospace Workers (IAM).Hoping to prevent a strike that could cost the company $3 billion a month, Boeing said its offer would provide employees with an average of $34,000 in additional wages and incentive payments over three years.Boeing said it withdrew a proposal to discontinue early retiree medical coverage for individuals hired after January 1, 2010 and withdrew a proposal to create a new defined contribution retirement plan for individuals hired after January 1, 2009.Union spokeswoman Connie Kelliher said the IAM was poring over Boeing's proposal and was not prepared to respond."We are going over it line by line to catch the details to know exactly what impact it will have on our members," she said. "It's 300 pages, the devil is in the details."(Reporting by Mark McSherry)
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