Boeing Presents New Contract Offer to Engineers

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Boeing (NYSE: BA ) 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.

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