The final fate of The Boeing Company‘s (NYSE:BA) 777x airplane production in the Puget Sound area remains up in the air, even after Machinist Union leaders rejected the company’s final offer Thursday. In a statement, Boeing said the 8-year contract extension was rejected by International Association of Machinists (IAM) District 751′s leadership.
“We’ve listened to the union leadership and had an open dialogue in hopes of moving toward each other. Unfortunately the offer, which would have ensured this great airplane for the Puget Sound region, was immediately rejected by the union leadership,” Ray Conner, President and CEO of Boeing Commercial Airplanes, said in the news release.
Rich Michalski represented IAM national leadership in the talks. Michalski spoke to the Seattle Times after the deal was rejected, and said IAM needed to hear from its members and let them vote on the proposal. “Our members are very sophisticated and smart on this matter. Once we get the information on the offer to them, they will let us know.” It is “a guarantee of work for 30 to 35 years,” Michalski said. The collapse in negotiations has brought Boeing offers from other states, twenty-two so far, and Michalski said members must “look at the facts, the situation as it is.”