Boeing offers revised deal with higher bonus to end St. Louis workers’ strike

(Reuters) -Boeing presented a new contract offer on Monday to the union representing more than 3,200 striking workers at its St. Louis-area plants, proposing a higher ratification bonus and other revisions in a bid to end the walkout.

The International Association of Machinists and Aerospace Workers represents members who assemble fighter jets and munitions at Boeing’s plants in the St. Louis area.

In its updated offer, the planemaker raised the ratification bonus from about $3,000 to $6,000.

Boeing, however, removed a retention bonus of $1,000 from its new offer to provide more cash upfront, it said.

(Reporting by Nandan Mandayam and Shivansh Tiwary in Bengaluru; Editing by Krishna Chandra Eluri)