3 sources·Business

Boeing Workers Ratify Historic Contract Ending Major Strike

Boeing workers ended a long strike by ratifying a new contract that includes a 43% pay increase and improved benefits.

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Updated: Nov 5th, 2024, 3:04 PM ET

Summary

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Aircraft assembly workers at Boeing have voted to ratify a new contract, concluding the longest and costliest strike in the U.S. in over two decades. The International Association of Machinists announced that 59% of its members approved the new agreement, which stipulates a total pay increase of 43% over four years, alongside a $12,000 ratification bonus and enhancements to benefits. The strike, which lasted for seven weeks, resulted in significant losses for Boeing. Union representatives celebrated the vote as a crucial victory for workers, emphasizing the importance of organizing and collective action in improving workplace conditions and wages.


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Boeing Workers Ratify Historic Contract Ending Major Strike - Pano News