Boeing Contract Deals Comparison

(Reuters) – Here is a side-by-side comparison of the key elements of three Boeing (NYSE:BA) contract deals for U.S. West Coast factory workers that have gone to votes since September, according to details provided by the company and the union.

Latest Offer

• Approved: 59% of workers on Nov. 4
• Endorsement: By union
• Duration: Four years
• General Wage Increase: 38%
• Signing Bonus: $12,000
• Annual Performance Bonus: Restoration valued up to 6% with guaranteed 4% payoff
• Retirement: 401(k) match increased to 100% of first 8% of pay, plus automatic 4% company contribution
• Pledge: Build Boeing's next commercial jet in Seattle if launched within four years.

Offer Rejected on Oct. 23

• Rejected: 64% of workers
• Endorsement: Not endorsed by union
• Duration: Four years
• General Wage Increase: 35%
• Signing Bonus: $7,000
• Annual Performance Bonus: Restoration
• Retirement: 401(k) match increased to 100% of first 8% of pay, plus automatic 4% company contribution
• Pledge: Build Boeing's next commercial jet in Seattle if launched within four years.

Offer Rejected on Sept. 12

• Rejected: Nearly 95% of workers
• Endorsement: Endorsed by union
• Duration: Four years
• General Wage Increase: 25%
• Signing Bonus: $3,000
• Annual Performance Bonus: Removal
• Retirement: 401(k) match is 75% of first 8% contributed by employees, plus automatic 4% company contribution
• Pledge: Build Boeing's next commercial jet in Seattle if launched within four years.