11 sources·Business

Boeing Workers to Vote on Revised Contract Amid Ongoing Strike

Boeing will face another vote from machinists on a new contract proposal that includes raises and bonuses after weeks of striking.

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Updated: Nov 1st, 2024, 8:28 PM ET

Summary

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Boeing workers, represented by IAM, will vote on a revised contract proposal offering a 38% pay increase over four years. The strike, underway for seven weeks, has severely impacted Boeing and affected U.S. job reports. While union leaders recommend accepting the new deal, concerns remain about the absence of pension restoration and previous offers' rejection. Total costs from the strike are estimated to be over $11.5 billion. Workers express skepticism about the latest proposal's sufficiency, but union leadership warns a no vote could lead to worse future offers.

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