Under the proposed deal, workers will receive a 43 percent wage increase over four years, as well as a $12,000 bonus they can choose to receive in their paycheck, as a 401(k) contribution, or a combination of both. Additionally, Boeing agreed to match 401(k) contributions up to 8 percent.
According to The New York Times, Boeing said “the average annual pay of machinists will rise to more than $119,000 by the end of the contract, up from nearly $76,000 today, after those raises and other benefits are taken into account.”
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So their pensions weren’t brought back, but they’ll make more money. Plan for the future because Boeing doesn’t have your back.
Nice, their union beat inflation over the past five years by a good amount.
Did yours?
