Union: Boeing can end strike by spending $8M more over 4 years

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…

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