Boeing strike continues as workers reject 30% raise

Boeing made its “best and final” offer to its 33,000 factory workers on Monday and agreed to a 30% wage increase over four years. But the International Association of Machinists and Aerospace Workers (IAM) rejected it.

The proposal also included a performance bonus, improved retirement benefits and a doubled ratification bonus of $6,000 if accepted before Friday midnight.

IAM members, now in the second week of the strike that began on September 13, are pushing for a 40% wage increase.

Meanwhile, Boeing, facing pressure from the ongoing work stoppages, has begun furloughs and hiring freezes.