Boeing makes 'best and final offer' to union

Boeing Co said on Thursday it made its "best and final" contract offer to its largest labor union, including concessions the aerospace manufacturer hopes will help avert a strike.

Hoping to prevent a walkout that could cost Boeing $3 billion a month, the company said its offer would provide an average of $34,000 in additional wages and incentive payments over three years to employees in the International Association of Machinists and Aerospace Workers (IAM).

Boeing had previously offered $28,000.

FULL ARTICLE - Reuters