ST. LOUIS — Saying that The Boeing Co. has “backed itself into a corner,” the machinists union said Friday that the strike by its members would end if the aerospace giant accepted its counteroffer to spend $8 million more over four years.
“The company keeps saying it will not change the ‘economic parameters’ of its offer. That’s not strength and that’s not bargaining — that’s stubbornness. And it’s a strategy that’s failing fast,” union leaders said in a text message to its 3,200 members of the International Association of Machinists and Aerospace Workers District 837.
IAM said its counteroffer, released Oct. 27, would add $115.7 million in costs to Boeing over four years, or just $8 million more than the $107.7 million in added costs from the first four years of Boeing's five-year contract offer.
“Alternatively, on an annual basis, our counteroffer adds costs of $28.9 million per year ($115.7M/4 years). The company’s offer adds costs of $25.9 million per year ($129.3M/5 years),” the union told the Business Journal.
Source: ksdk.com
