Boeing Presents New Contract Offer to Engineers

Boeing has presented a new contract offer to the union that represents its engineers, the union confirmed in an official statement. The company and the union remain at odds over the terms of a fresh agreement to replace the contract that expired in November.

The union said in its statement that it was only given a "partially modified offer," and that the company was "unwilling to provide our team with a complete document." Reuters is reporting that Boeing's proposition lifted raises by 5% for professional workers in each of the first two years of the agreement, while raising them by 4% for remaining workers. The proposal is for a four-year agreement.http://www.reuters.com/article/2013/01/11/us-boeing-union-idUSBRE90A18Q20130111

Negotiations on the agreement are slated to resume on January 16.

The article Boeing Presents New Contract Offer to Engineers originally appeared on Fool.com.

Eric Volkman has no position in Boeing. The Motley Fool has no position in Boeing. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.