Boeing makes concessions in final labor proposal as strike continues.
- On Sept. 13, over 30,000 Boeing machinists commenced a strike after rejecting a proposed agreement.
- The duration of Boeing's strike will determine its financial impact, with Bank of America estimating daily losses of $50 million for the company.
On Monday, sweetened its contract offer and declared it as its "final and best" proposal to its over 30,000 machinists as their strike continued into its second week.
Boeing announced on its website that the new offer includes higher pay increases, reinstated annual bonuses, and an increased ratification bonus, among other changes.
The labor union didn't immediately comment on the offer.
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