Textron Makes Offer to Machinists Union
Machinists Union Rejects Textron's Offer
Textron Inc. has made an offer to the International Association of Machinists and Aerospace Workers (IAM) in an attempt to end a strike that has idled production at the company's Wichita, Kansas, plant. The offer includes a 12% pay increase over three years, as well as improved health benefits and retirement contributions. However, the IAM has rejected the offer, saying that it does not meet the needs of its members.
Strike Continues at Textron Plant
The strike began on March 1, 2023, after the IAM and Textron failed to reach an agreement on a new contract. The union is seeking a 15% pay increase over three years, as well as improved health benefits and retirement contributions. Textron has said that it is willing to negotiate, but it will not agree to the union's demands. The strike has idled production at the Wichita plant, which employs about 2,500 workers.
Both Sides Remain Far Apart
The two sides remain far apart in their negotiations. The IAM is堅持 on its demand for a 15% pay increase, while Textron is堅持 on its offer of a 12% pay increase. The union is also seeking improved health benefits and retirement contributions, while Textron is willing to make only modest improvements in these areas. It is unclear when or if the two sides will be able to reach an agreement.
Strike Could Have a Ripple Effect
The strike at the Textron plant could have a ripple effect on the Wichita economy. The plant is a major employer in the city, and the strike has already led to layoffs at some local businesses. If the strike continues, it could further damage the Wichita economy.
Textron Makes New Offer
On March 8, 2023, Textron made a new offer to the IAM in an attempt to end the strike. The new offer includes a 13% pay increase over three years, as well as improved health benefits and retirement contributions. The IAM is currently considering the new offer.
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