SEATTLE, WA—Boeing proposed a 30% general pay increase over four years to more than 32,000 striking workers, in what it called a "best and final" offer. The offer also included reinstating a performance bonus, improved retirement benefits, and a doubled ratification bonus of $6,000 if workers accepted the deal by Friday.
SEATTLE, WA—Boeing significantly increased its contract proposal to the Machinists union today to end the strike that poses a serious threat to the company's operations.
WASHINGTON—Monroe Capital LLC announced plans to launch a new fund, the Drive Forward Fund LP, valued at up to $1 billion to support smaller auto suppliers as the industry shifts from gasoline to electric vehicles (EVs).
Fairfax, KS—General Motors (GM) recently announced plans to lay off 1,695 workers at its Fairfax Assembly plant in Kansas, as outlined in a Worker Adjustment and Retraining Notification (WARN) notice in mid-September.
SEATTLE, WA—Boeing announced it will temporarily furlough tens of thousands of employees after around 30,000 machinists went on strike, halting production of the 737 MAX and other aircraft.
SEATTLE, WA—Negotiators from Boeing and its largest union, the International Association of Machinists and Aerospace Workers (IAM), are set to resume talks on Tuesday over a labor contract as the company seeks to quickly resolve a strike that is costing the company an estimated $100 million per day.
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